Comments on: Treat Your Emergency Fund Like an Insurance Policy http://www.moneycrashers.com/treat-your-emergency-fund-like-an-insurance-policy/?utm_source=rss&utm_medium=rss&utm_campaign=treat-your-emergency-fund-like-an-insurance-policy personal finance blog Sat, 21 Nov 2009 04:07:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: author http://www.moneycrashers.com/treat-your-emergency-fund-like-an-insurance-policy/comment-page-1/#comment-5567 author Sat, 23 Feb 2008 16:03:19 +0000 http://www.moneycrashers.com/treat-your-emergency-fund-like-an-insurance-policy/#comment-5567 Yes, you are right. It's NEVER a replacement for other insurances, unless you are wealthy enough to self-insure your home, but you're never wealthy enough to insure liability against yourself. Great comment. Yes, you are right. It’s NEVER a replacement for other insurances, unless you are wealthy enough to self-insure your home, but you’re never wealthy enough to insure liability against yourself. Great comment.

]]> By: Cheufong http://www.moneycrashers.com/treat-your-emergency-fund-like-an-insurance-policy/comment-page-1/#comment-5564 Cheufong Sat, 23 Feb 2008 10:38:19 +0000 http://www.moneycrashers.com/treat-your-emergency-fund-like-an-insurance-policy/#comment-5564 I agree with you! Emergency fund is just that - emergency funds, much like insurance policies. Returns doesn't matter, liquidity is what counts. Only thing is, I feel that regardless of whether or not you own a home, a healthy emergency fund size should be about 3 to 6 months of expenses. If I don't own a home, I'd probably still have to factor in rent. However having an emergency fund doesn't mean that insurance policies are not redundant. It's still handy for major disasters like a total loss of ability to work at all. I agree with you!
Emergency fund is just that – emergency funds, much like insurance policies. Returns doesn’t matter, liquidity is what counts.
Only thing is, I feel that regardless of whether or not you own a home, a healthy emergency fund size should be about 3 to 6 months of expenses. If I don’t own a home, I’d probably still have to factor in rent.
However having an emergency fund doesn’t mean that insurance policies are not redundant. It’s still handy for major disasters like a total loss of ability to work at all.

]]> By: Randall at CreditWithdrawal http://www.moneycrashers.com/treat-your-emergency-fund-like-an-insurance-policy/comment-page-1/#comment-5561 Randall at CreditWithdrawal Thu, 21 Feb 2008 20:11:41 +0000 http://www.moneycrashers.com/treat-your-emergency-fund-like-an-insurance-policy/#comment-5561 What with the Fed reducing the prime rate and most banks following lock-step with their OWN interest rates, it's hard to find any place that pays hardly anything for parking your money at. Even a lot of money market accounts aren't paying more than 4% or so. :( What with the Fed reducing the prime rate and most banks following lock-step with their OWN interest rates, it’s hard to find any place that pays hardly anything for parking your money at.

Even a lot of money market accounts aren’t paying more than 4% or so.

:(

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