I have 35k in a HYSA for my emergency fund. That covers about 6 months of worst case scenario - all my bills, mortgage, COBRA, etc. I save about 10% of my net income for sinking funds as well. I max out the 401k and Roth. If I have about $45k in a savings account, is that too much cash? It’s unprecedented times and want to make sure I’m covered for any job instability, but also know the more that is sitting in cash the lower the value of it over time. If I kept my EF between 30-35k and used that as my sinking funds and always topped it off first, would that be alright. What do you think?
Submitted May 07, 2020 at 10:14PM by sallyalbright13 https://ift.tt/2WzxHfi
