Ask Paula: We’re Saving 72 Percent Of Our Income … and It SUCKS
Afford Anything
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You Can Be More Aggressive With Your Emergency Funds
The average high yield savings account pays between 3.5 and 4%. If you have an emergency fund of $40,000, then over the span of a year, you lose $1,400. It's essentially a fee of $116 a month that you pay in order to know that you have a runway. You can be more aggressive with your investments and not worry about it.
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