emergency fund
2 questions
- Finance
How much should I have in an emergency fund?
3–6 months of essential expenses is the standard target — 3 months if you have stable income, 6 months or more if self-employed or in a volatile field.
- Finance
Where should I keep my emergency fund?
Keep your emergency fund in a high-yield savings account (HYSA) at an online bank — it stays FDIC-insured and accessible within 1–2 business days, while earning 4–5% APY instead of the 0.38% national average at standard banks.