Comments on: How to make more money with your emergency fund http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Online Entrepreneur http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-126345 Online Entrepreneur Thu, 18 Aug 2011 14:37:04 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-126345 It is always wise to set aside funds for emergency. It is always wise to plan ahead. Many financial experts advise to keep at least 6 months of your monthly income in your emergency fund. I agree that you should make the emergency fund work much harder for you. So instead of putting it in ordinary savings account, place it in time deposit or high earning savings account. If no emergency occurs, then your funds will continue to grow and you can be on your way to becoming rich. It is always wise to set aside funds for emergency. It is always wise to plan ahead. Many financial experts advise to keep at least 6 months of your monthly income in your emergency fund. I agree that you should make the emergency fund work much harder for you. So instead of putting it in ordinary savings account, place it in time deposit or high earning savings account. If no emergency occurs, then your funds will continue to grow and you can be on your way to becoming rich.

]]> By: Entrepreneurial Blog http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-126344 Entrepreneurial Blog Thu, 18 Aug 2011 14:35:18 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-126344 It is always wise to set aside funds for emergency. Many financial experts advise to keep at least 6 months of your monthly income in your emergency fund. I agree that you should make the emergency fund work much harder for you. So instead of putting it in ordinary savings account, place it in time deposit or high earning savings account. If no emergency occurs, then your funds will continue to grow and you can be on your way to becoming rich. It is always wise to set aside funds for emergency. Many financial experts advise to keep at least 6 months of your monthly income in your emergency fund. I agree that you should make the emergency fund work much harder for you. So instead of putting it in ordinary savings account, place it in time deposit or high earning savings account. If no emergency occurs, then your funds will continue to grow and you can be on your way to becoming rich.

]]> By: Kurt OKeefe http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120984 Kurt OKeefe Mon, 20 Jun 2011 20:41:38 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120984 After I read this, I took my $900 cash emergency fund, and deposited in the bank from which my house payment is taken. They charge $12 per month unless you have $1500 minimum balance, so that seemed like a better use of the money. I only use the account for the mortgage payment, after they solicited us to re-finance to a lower rate, we were informed they knock another point off the interest rate if the payment is EFT'd from the bank. After I read this, I took my $900 cash emergency fund, and deposited in the bank from which my house payment is taken. They charge $12 per month unless you have $1500 minimum balance, so that seemed like a better use of the money.
I only use the account for the mortgage payment, after they solicited us to re-finance to a lower rate, we were informed they knock another point off the interest rate if the payment is EFT’d from the bank.

]]> By: Carnival of Personal Finance #314: Rock Your Life Edition http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120962 Carnival of Personal Finance #314: Rock Your Life Edition Mon, 20 Jun 2011 10:01:41 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120962 [...] from Christian Personal Finance presents How to leverage your emergency fund to save more money, and says, “This is a look at how I leverage my emergency fund to put more dollars into my [...] [...] from Christian Personal Finance presents How to leverage your emergency fund to save more money, and says, “This is a look at how I leverage my emergency fund to put more dollars into my [...]

]]> By: Terri http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120949 Terri Sun, 19 Jun 2011 23:50:57 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120949 Well said! I have played this game with my health insurance but just didn't think to do it with my auto insurance. I'll get right on it! Thanks again! Well said! I have played this game with my health insurance but just didn’t think to do it with my auto insurance. I’ll get right on it! Thanks again!

]]> By: Robert http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120830 Robert Wed, 15 Jun 2011 19:41:22 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120830 Hi Bob, I leveraged my emergency savings about a year ago by dividing it into thirds. I couldn't take the low rates anymore, so I put one-third in a Ginnie Mae fund and one-third in a short-term investment-grade corporate bond fund. Both have considerably higher yields without much extra risk. Share prices tend to be relatively stable. So far, so good. Robert Hi Bob,

I leveraged my emergency savings about a year ago by dividing it into thirds. I couldn’t take the low rates anymore, so I put one-third in a Ginnie Mae fund and one-third in a short-term investment-grade corporate bond fund. Both have considerably higher yields without much extra risk. Share prices tend to be relatively stable. So far, so good.

Robert

]]> By: Aaron http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120807 Aaron Wed, 15 Jun 2011 01:59:43 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120807 Bob, This is an excellent post. I just recently started putting $50 a week into my savings account and It's amazing to see how much it grows after 5 months. Now I'll have to look into changing my deductible on my car insurance! Thanks for the great advice. Aaron Bob,

This is an excellent post. I just recently started putting $50 a week into my savings account and It’s amazing to see how much it grows after 5 months. Now I’ll have to look into changing my deductible on my car insurance! Thanks for the great advice.

Aaron

]]> By: Milly http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120805 Milly Wed, 15 Jun 2011 01:07:15 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120805 Hi Bob, This is a great article. I always enjoy to read your financial advice! Thanks!!! Milly Hi Bob,

This is a great article. I always enjoy to read your financial advice! Thanks!!!

Milly

]]> By: Darren http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120790 Darren Tue, 14 Jun 2011 15:57:13 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120790 Excellent strategy Bob. I like that it's easy to implement and effective. It would be fun once you have enough money in your emergency fund to start investing in better-performing index funds or ETFs. Excellent strategy Bob. I like that it’s easy to implement and effective.

It would be fun once you have enough money in your emergency fund to start investing in better-performing index funds or ETFs.

]]> By: Kurt OKeefe http://christianpf.com/how-to-make-more-money-with-your-emergency-fund/comment-page-1/#comment-120788 Kurt OKeefe Tue, 14 Jun 2011 13:04:21 +0000 http://christianpf.com/why-you-must-have-an-emergency-fund/#comment-120788 What a great idea, I will be checking on it today. What a great idea, I will be checking on it today.

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