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How To Build An Emergency Fund | Money Month Day 4

Cheques and Balances

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The Importance of Cash in Emerging Emergency Funds

It should be in cash, right? Like there is people say, oh, I'll put it, you know, the credit card works. That's no, it needs to be in cash. In a high interest rate environment, I'll let you have it in an offset account or a revolving credit account because you are not paying interest on the portion of your savings there. If you ask, struggle, if you don't have great money habits, be very careful of those kinds of facilities for your emerging emergency funds. You've just got to again, bring it back to the expenses, the budget calculated out. What is right for you? If you are commission only catching kill and you

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