4 ms·
A couple of months of living costs in savings is not a luxury, if you have a family. I'd stash it in a savings account. Feel free to take a holiday, but then I
by bartvk 10y ago
A couple of months of living costs in savings is not a luxury, if you have a family.
I'd stash it in a savings account. Feel free to take a holiday, but then I'd get back to work.
- jogjayr 10y agoThis, except I'd put it in a low-fee index fund. Or some sort of rental property.
- milesvp 10y agoIndex funds have short term risks. bartvk was giving the basic advice of putting it into savings since 6-9 months is a very appropriate cash buffer. Always keep in mind, that reasons for needing cash and down markets tend to be highly correlated (think losing your job because the stock market lost 40% of it's value in less than a month).