According to this article over at Yahoo Finance – Morgan Stanley told thousands of clients this week that they will not be allowed to withdraw money on their home-equity credit lines… When things get tight, many people tap into their home-equity credit lines for a bit of extra cash. But, what happens when the bank refuses to let them borrow…
Category: Emergency Fund
Reader Poll Results – 6 Months Worth Of Expenses And The Emergency Fund
A month ago, I asked my readers to share their ideas about emergency funds, how much money it takes to cover 6 months worth of expenses, and the best place to stash emergency fund cash. I’ve been amazed by the response to the poll. More than 1000 readers have voted – and almost 50 left detailed answers in the comments…
Reader Poll – Just How Much Is 6 Months Worth Of Expenses?
Many popular personal finance ‘gurus’ suggest maintaining an emergency fund with enough money to cover 6 months worth of expenses. I thought it might be interesting to see what my readers thought about this advice. If you are reading this post in a feed-reader, you will need to click through in order to leave a comment and vote in the…