FI by 2024
Recycles dryer sheets
- Joined
- Dec 29, 2013
- Messages
- 331
Is there a reason to maintain a separate Emergency Fund if the rest of your finances are set up to absorb hits?
I have about $11K in a dedicated emergency fund. I also have:
>$100K in an easily accessed taxable account
>$20K available credit
>$20K available in cash for other line items (vacation, car expenses, etc)
A very stable job that pays ~2x my expenses
Is there really a reason to maintain an emergency fund at this point? It earns just a few dollars each month sitting in a savings account, when it could be earning far more elsewhere. Since I could easily cover an emergency with the other accounts, it seems silly to let the money languish at .75% APY.
I have about $11K in a dedicated emergency fund. I also have:
>$100K in an easily accessed taxable account
>$20K available credit
>$20K available in cash for other line items (vacation, car expenses, etc)
A very stable job that pays ~2x my expenses
Is there really a reason to maintain an emergency fund at this point? It earns just a few dollars each month sitting in a savings account, when it could be earning far more elsewhere. Since I could easily cover an emergency with the other accounts, it seems silly to let the money languish at .75% APY.