Monday, July 20, 2009

Frugal Dad Bringing the Ideas

I read this post earlier today and wanted to pass it along. FD suggests having a tri-level emergency fund (I let him give all the details here) that consist of 1. having about $500 in cash that you can grab at a moments notice, 2. having a local emergency fund that you can go a personally withdraw, and 3. have a mega emergency fund that is remote but there if you need to live off it for a while.

Very sound advice in my opinion that I had not really thought through before.

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