Related Posts
Additional Posts in FIRE Financial Independence Retire Early
Pro tips for increasing your credit score?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Pro tips for increasing your credit score?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site
Send download link to your phone
OR
Scan your QR code to download
Fishbowl app on your mobile
12 months for me in a high yield savings account for me
Marcus
General rule of thumb is 3-6 months of your monthly expenses in a high yield savings account. I have 4 months of expenses in a Barclay high yield savings account. I feel very job secure though, otherwise I would have 6 months.
I figured 😜
Nothing. I’d prefer to keep all my money working for me. If I really needed a lot of money immediately I would use credit cards for the first month, and then sell stock to pay off the cards, as necessary.
This has been my strategy so far. On H1b and it didn’t make sense to keep a lot of money aside for rainy day. I can always sell some stocks and get the money but I have been thinking if I am approaching this wrong.
I am on H1B as well but keep about 50k for emergencies in HYSA. I am probably little too risk averse and also don't want to touch stocks unless I don't have an option.
You only lose it if you sell at the bottom. Otherwise nothing is lost in a market crash.