tag:blogger.com,1999:blog-6185259769000183348.post4761613070789709093..comments2008-07-22T14:58:30.645-07:00DogAteMyFinanceshttp://www.blogger.com/profile/02571124283388079010noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6185259769000183348.post-42105037929159141012008-07-22T14:58:30.645-07:002008-07-22T14:58:30.645-07:00Justin, so if you lose your job or have a major emergency (car or furnace dies, etc.) you don't mind paying the penalty to cash you a CD before its maturity date? The point of an emergency fund is to have liquid cash.<BR/><BR/>Barb1954Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6185259769000183348.post-17708369778955236582008-07-22T05:12:34.531-07:002008-07-22T05:12:34.531-07:00Happy to hear you're alright!<BR/><BR/>In response to the above.. 8 months of emergency expenses sounds like a bit much to leave "sitting around". I mean that's easily $10k. I think a month's worth of expenses in a money market/savings and the remainder (if you must) in some kind of low risk account - perhaps a CD (although rates are crap) or mutual fund.Justinnoreply@blogger.comtag:blogger.com,1999:blog-6185259769000183348.post-54923667134850371292008-07-22T05:01:18.335-07:002008-07-22T05:01:18.335-07:00Actually, it's not how much salary you have coming in, it's how much of your salary you're spending. You should have about 8 months of expenses in an emergency fund according to some financial experts.<BR/><BR/>I'm sorry you had to go through that experience at the emergency room, but happy to hear you're okay. These kind of events always have a way of putting many things in perspective.<BR/><BR/>Barb1954Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6185259769000183348.post-18699133002063494352008-07-21T21:03:19.133-07:002008-07-21T21:03:19.133-07:00Actually as DINKS you need more salary than most. Because you are used to having such a high salary.<BR/><BR/>Glad that you are doing well.LivingAlmostLargewww.livingalmostlarge.comnoreply@blogger.com