Hi everyone,
I recently devised my debt payoff plan with the help of this forum (thanks again). One question I had though is where do you suggest I put the money I will start allocating to my EF? In a savings account, money market, CD, other?
I already have a savings account linked to my Bank of America checking acct. (although there's no money in it right now). And I'm only going to put a little bit in each month at first since I'm trying to aggressively pay down my debt first. By my calculations I should have about $3,600 by the end of the year and hopefully build it up to a 3-month EF by early next year (about 12-13k). And later a 6-month EF.
Thanks in advance for your advice
