Hello,
I have a goal of saving $1000.00 by the end of year (2011). I will be able to accomplish my goal by the end of year but now I am thinking about if I should put all of the $1000.00 into a CD emergency fund account? Or should I put all of it into my personal savings and use it only for emergencies? Or should I put $500.00 into my personal savings and then the other $ 500.00 into my CD emergency fund. Thoughts on this?
I have a goal of saving $1000.00 by the end of year (2011). I will be able to accomplish my goal by the end of year but now I am thinking about if I should put all of the $1000.00 into a CD emergency fund account? Or should I put all of it into my personal savings and use it only for emergencies? Or should I put $500.00 into my personal savings and then the other $ 500.00 into my CD emergency fund. Thoughts on this?