Question

Where do you put your EF and why? a. Is it in cash, kept in your home. b. Checking account. c. Savings account.  

Answer 1

High interest savings acccount. I can easily put money in and when needed, I can have the money transferred within a couple business days max.  

Comments

@illegitimacy1858 Same!  

---

@address4953 I use Alliant Federal Credit Union, online only.  

Answer 2

Savings. It’s available easily To me if I ever need it and I’ve had that same 1, 000 there for years so I know I won’t spend it. It’s getting it higher that’s been hard for me ):

Answer 3

A far away savings account that takes forever to transfer back to my normal account lol. No instant nothing.  

Answer 4

I also have it in a high interest online savings account. Easy to access in a true emergency!  

Answer 5

At first I was keeping it in cash however if something ever happens while I or my husband was out then we’d be screwed and back to using a CC. So now I keep it in a savings account for easy transfer if either one of us encounter an emergency.  

Answer 6

$300 cash at home and the rest in a term deposit to earn interest.  

Answer 7

I have it in a credit Union separate saving account

Answer 8

I’ve got part of it in a savings account at a credit union and part in cash at home. That way if there’s really an emergency I have access to some but not all of it.  

Answer 9

In a Savings account at my credit union. It's a joint account that both me and my husband both contribute to (we have separate accounts).  

Answer 10

Savings account

Answer 11

Savings that is attached to my checking. I can do an instant transfer if needed

Answer 12

I am torn on what to do as well. I mean emergency is meant for immediate access in case of emergency but a savings like that you don’t want so easily accessible to you avoid spending it in day to day right. Hmm

Answer 13

Savings account, though I've never thought of keeping $1K in cash on hand. that might actually be really smart. hmmmm

Answer 14

Emergency fund in savings— ready for a quick transfer.  

Answer 15

I have a savings account that I’ve been building since the beginning of the year that automatically takes a set amount every paycheck weekly. And I also started a cash one at home the beginning of this month. When I have too much cash at home I’ll deposit into my bank