Is It Okay to Invest the Emergency Fund?

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 7 September 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

I know you guys are fed up with your emergency reserves earning bupkis, but does that mean you should consider placing the money in something riskier?

Have a money question? Email us, ask jill [at] jill on money dot com.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Welcome to the Jill on Money Podcast.
0:05.8	It's Tuesday, September 7th, and we are here to try to take the mystery out of your financial
0:11.5	life.
0:12.5	We're here to help you take control of your financial life.
0:15.6	We are here to maybe stop you from spinning around like a top and making yourself crazy
0:21.6	about your money.
0:22.6	Whatever it is, we want to help.
0:25.0	Mark and I are dedicated to this goal of just trying to make this easier for all of you.
0:30.7	We really want to think that most people have a very rational approach to money, but those
0:35.8	human emotions they get in the way help yourself by just contacting us.
0:41.6	Ask Jill at JillOnMoney.com, click the contact button on the JillOnMoney.com website.
0:48.4	That's what Andrew did.
0:49.4	Andrew's on the line from Atlanta.
0:51.7	Hey Andrew, how can we help you out?
0:53.5	Hi Jill, thanks.
0:54.5	So add some questions about whether it makes sense to invest emergency funds in a low risk
1:02.9	investment option like a bond index fund or something like that.
1:07.3	And also on top of that and related is funds that are not necessarily emergency funds,
1:13.2	but funds that might be for a mysterious anticipated purchase in the future like a home improvement
1:18.8	project or a car or something like that.
1:20.8	Yeah, almost like an intermediate term need.
1:23.4	I don't need it this minute.
	...

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