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How Much Should I Save for My Emergency Fund?
Plan to keep 6-12 months worth of basic living expenses saved in an Emergency Fund. A liquid high-yield savings account is ideal for this purpose.
How Much of My Savings Should Be Liquid?
The amount of savings that you keep in cash depends on your situation. Before you answer this question, make sure that you have enough cash in your Emergency fund. A good goal is to have your Emergency Fund + 5% of your entire portfolio in a high-yield savings account.
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