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Originally Posted by baselle
Notice that I didn't suggest that you put everything from your emergency fund into it - if you think of your savings as a layer cake, the ING account is the frosting and the first layer. This is your second layer that you can use for college or down payment on a house or the hurricane fund (as opposed to the rainy day fund). Your third layer is supposed to be your 401k, stock, IRA, etc.
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Baselle, thanks for the straight-talk. I'm going to take a look at putting our house down-payment in here...
Also, I think I'll mention that you
shouldn't eat the third layer of cake! Let it sit and it'll grow into a very nice, moldy, chunk of cake. Then, once you've decided you're done
cooking cakes, just eat the mold the 3rd layer continually creates...just wanted to mess with the analogy - 'tis a good one!