Money > Saving

Why I keep a 6-month emergency fund even though I don't really need it

1 month ago   |   By Business Insider

I keep a six-month emergency fund on hand in a high-yield savings account.
As a healthy, 20-something person, keeping that much savings around is not exactly logical - I could earn a much higher rate of return by investing that cash.
But in this case, I chose to make an emotional decision with my money because it helps me sleep better at night.
See Business Insider's picks for the best high-yield savings account »
I'm an analytical and logical person.
At least, that's how I think of myself. When I'm faced with a problem, I try to put emotions aside and use logic to find a solution.
After...
Read more ...

 


Search by Tags

   Saving      Business      Finance      Investing      Money  


Lloyds announces in-app service to let customers cancel subscriptions

Lloyds announces in-app service to let customers cancel subscriptions

Millions of Lloyds customers who signed up for new subscription services during the coronavirus lockdown will be able to cancel them in their banking apps under a new update... Read more ...

The start of something special for Antonio at West Ham?

The start of something special for Antonio at West Ham?

Michail Antonio has showed exactly why West Ham will be so keen to tie him down to another contract at the end of this season as he scored all four goals in a 4-0 victory over... Read more ...

Woman blew disabled mum's £5,000 life savings on Christmas presents

Woman blew disabled mum's £5,000 life savings on Christmas presents

Leah Msutu was spared jail over the ‘shameful act of betrayal' A woman who pilfered £5,000 from her disabled mother's life savings and blew it all on Christmas presents has... Read more ...

Johnny Depp tells court he lost $650m after former business managers 'stole'...

Johnny Depp tells court he lost $650m after former business managers 'stole' his money

Johnny Depp has told the High Court he lost $650m when former business managers "stole" his money. Read more ...

Ralph Lauren's Polo Project raises money for coronavirus relief

Ralph Lauren's Polo Project raises money for coronavirus relief

Back in May, Ralph Lauren launched a Polo shirt design contest, where fans and artists were asked to submit an original design concept that could ultimately be chosen as the... Read more ...

Thrifty mum reveals how to make 28 days worth of food for £200

Thrifty mum reveals how to make 28 days worth of food for £200

Planning ahead is the key to saving money and reducing food waste Read more ...

What can you recycle? Your guide to symbols and recycling

What can you recycle? Your guide to symbols and recycling

With our guide, you can identify the symbols that show whether products can be recycled and better target your spending towards the push for recycling. Read more ...

We want to help our kids out but should we lend or gift the money?

We want to help our kids out but should we lend or gift the money?

We're happy to part with the cash if it helps them out, but we're not sure of the tax implications of just giving them thousands of pounds. Read more ...

Did I inherit my late husband's Serps in my state pension?

Did I inherit my late husband's Serps in my state pension?

My husband assumed I would be awarded some of the 'state earnings-related pension' into my widow's pension and telephoned the DWP several times to check this out. Read more ...

16 Ways To Practise Self-Care That Cost Next To Nothing

16 Ways To Practise Self-Care That Cost Next To Nothing

In the age of Instagram, “self-care” has become synonymous with indulgences that cost money. That all sounds great if you have tons of disposable income. But for most of us... Read more ...