055. Our formula for how much to keep in your emergency fund
Inside Out Money
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Emergency Fund Preparation and High-Yield Savings Accounts
The chapter delves into the importance of selecting high-yield savings accounts such as Ally, Marcus, and Wealthfront compared to traditional ones, while also exploring the concept of keeping physical cash at home for emergencies. It debates the trade-off between the accessibility of cash on hand versus the higher interest rates of online banks. The discussion highlights the significance of having an emergency fund for unforeseen expenses and encourages listeners to review the podcast on various platforms.
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