Savings 101

1-3 months of fixed expenses

6-9 months of fixed expenses

3-6 months of fixed expenses (correct)

9-12 months of fixed expenses

To earn competitive interest rates

To avoid accidentally bouncing a check or withdrawal (correct)

To transact easily between accounts

To pay monthly bills

Having low deductibles on your insurance

Being self-employed or having minimal job security (correct)

Having a high credit card limit

Having partially liquid funds like Roth IRA contributions

<p>A savings account at a separate institution</p> Signup and view all the answers

<p>Using multiple accounts for different 'buckets' of money</p> Signup and view all the answers

<p>When you have additional savings earmarked for future use</p> Signup and view all the answers

<p>Interest that is calculated on the balance</p> Signup and view all the answers