Where Do You Keep Emergency Funds?

[Suba]

Emergency funds for each person will be different, depending on their expenses and status for singles and those who are married or have children will certainly have different amounts that they determine. Regardless of all that, after the money is collected as an emergency fund that we have determined, we need a place to store it, especially in liquid assets such as bank savings, gold, bonds, Bitcoin, etc. So where do you keep your emergency funds?

 

[Springtime]

I keep my emergency funds in my bank account. I also keep a few hundred dollars at home in case I need to do some repair at home.

 

[Starmix]

I also save the emergency fund in the bank and in my piggy bank in case of an immediate need of any amount.

 

[King Belieal]

I think emergency funds should have a separate savings account that they are kept. They must be very accessible easily.

 

[Suba]

I think emergency funds should have a separate savings account that they are kept. They must be very accessible easily.

You are right that emergency funds should be separated from savings accounts, the important thing is that they are easy to liquidate, so that when we need them, they can be easily withdrawn and used for urgent needs.

 

[eLdavis]

I have an online wallet that is separate from my bank account. I use this to keep emergency funds.