Quote:
Originally Posted by Boogaloo
Each cd would yield roughly $25.00, so with 12 of them per year, I gross $300/yr, then get taxed on that.
Seems like a lot of waiting for $300/yr
I am sure there is something I am not seeing here.
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The point of an emergency fund is NOT to make the highest possible return on your money. The point is to keep a certain amount of money safe and easily accessible in case of an emergency. The return isn't what matters here. You are absolutely right that there are more profitable things to do with your money but this is money that you don't want to lose and need to be able to get to on short notice.
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Steve
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