Comments on: Why You Should Set Up an Emergency Fund http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/ a college kid's journey to financial freedom... Sun, 06 Jul 2008 12:26:22 +0000 http://wordpress.org/?v=2.3.3 By: Paul @ MoneyAnswerTree http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-131 Paul @ MoneyAnswerTree Fri, 16 May 2008 14:48:57 +0000 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-131 IMO an emergency fund is the most important investment. This comes after a checking account. Millionaire is right, you can have it working hard for you. I've had my emergency fund in a high yield MMA for a couple years. It's been killer for a while, but not recently due to prime rate cuts. It's Still one of the better MMA's in my opinion. My MMA is at <a href="http://moneyanswertree.com/archives/32/gmacbank/" rel="nofollow">GMAC Bank</a>. In my emergency fund I have at least 3 months of savings as part of <a href="http://moneyanswertree.com/archives/99/my-rule-of-3-when-planning-my-finances/" rel="nofollow">my rule of 3</a>. IMO an emergency fund is the most important investment. This comes after a checking account. Millionaire is right, you can have it working hard for you. I’ve had my emergency fund in a high yield MMA for a couple years. It’s been killer for a while, but not recently due to prime rate cuts. It’s Still one of the better MMA’s in my opinion.

My MMA is at GMAC Bank. In my emergency fund I have at least 3 months of savings as part of my rule of 3.

]]> By: shultice24 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-88 shultice24 Thu, 24 Apr 2008 21:11:18 +0000 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-88 I've heard of Prosper before but never took the time to check it out. I will have to do that though. Is it kind of nerve-racking to lend out money to strangers though? One bad loan would erase everything that you've earned from many good ones wouldn't it? I’ve heard of Prosper before but never took the time to check it out. I will have to do that though.

Is it kind of nerve-racking to lend out money to strangers though? One bad loan would erase everything that you’ve earned from many good ones wouldn’t it?

]]> By: The Almost Millionaire http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-87 The Almost Millionaire Thu, 24 Apr 2008 16:51:11 +0000 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-87 I do use Flagstar for personal and business accounts. They do a good job. My newest thing though is Prosper.com You will probably like it. People who need loans bid on how much interest they can afford to pay. You then bid how much you are willing to lend them at that interest rate. Common to get 8% from folks with really good credit. Check it out and let me know what you think. I do use Flagstar for personal and business accounts. They do a good job. My newest thing though is Prosper.com

You will probably like it. People who need loans bid on how much interest they can afford to pay. You then bid how much you are willing to lend them at that interest rate. Common to get 8% from folks with really good credit. Check it out and let me know what you think.

]]> By: shultice24 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-83 shultice24 Mon, 14 Apr 2008 16:07:42 +0000 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-83 Millionaire, Thanks a ton for the visit! I totally agree with you: an emergency doesn't have to (and shouldn't) sit in some .5% account somewhere. I'm so thankful for ING; do you currently use flagstar? Millionaire,

Thanks a ton for the visit! I totally agree with you: an emergency doesn’t have to (and shouldn’t) sit in some .5% account somewhere. I’m so thankful for ING; do you currently use flagstar?

]]> By: The Almost Millionaire http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-81 The Almost Millionaire Mon, 14 Apr 2008 01:37:14 +0000 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-81 The really exciting thing about the emergence fund is that you can make it work really hard for you. Just because it's saved for a "just in case" event, doesn't mean you have to put it under the mattress. Congrats on the high yield savings account. I've also seen great rates at flagstar bank on their website. I enjoy your blog. Thanks! The really exciting thing about the emergence fund is that you can make it work really hard for you. Just because it’s saved for a “just in case” event, doesn’t mean you have to put it under the mattress. Congrats on the high yield savings account. I’ve also seen great rates at flagstar bank on their website.

I enjoy your blog. Thanks!

]]> By: shultice24 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-67 shultice24 Tue, 25 Mar 2008 12:45:42 +0000 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-67 Why thank you! I think I owe a lot of my motivation to bloggers like yourself that really got me interested in the subject. Thanks for the visit back! Why thank you! I think I owe a lot of my motivation to bloggers like yourself that really got me interested in the subject.

Thanks for the visit back!

]]> By: budgets are sexy http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-66 budgets are sexy Sat, 22 Mar 2008 03:46:40 +0000 http://youngdough.com/2008/03/19/why-you-should-set-up-an-emergency-fund/#comment-66 you know what, you gotta start somewhere bro! and considering you're in school still, you've already accomplished more than 90% of the rest of us out there. haha... i applaud you good sir. you know what, you gotta start somewhere bro! and considering you’re in school still, you’ve already accomplished more than 90% of the rest of us out there. haha…

i applaud you good sir.

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