Re: Emergency Fund - do you have one?
I don't really have one specific account that I've designated as an EF. What I do have is:
Regular checking account - about $5,000
Money market with checkwriting - about $3,000
Online money market account - about $13,000
Series I Bonds (designated for my daughter's Bat-Mitzvah) - $25,000
1 year CD purchased 7/06 - $10,000
There are also a couple of small accounts scattered around, like the money market in my brokerage account, a little account with my insurance agent, etc. They all add up to less than $2,000.
So all together, about $58,000 in readily accessible cash funds. That's more than 6 months of my income and closer to a year of expenses. And then there are always credit cards. Combined credit limits on our 4 cards are nearly $100,000. We also have life insurance on both of us and disability insurance for me. So we're pretty well set if anything happens to either of us.
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Steve
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