No matter how much money you make, make sure you have at least 6 months of expenses in your emergency fund. Our regular bank account is where our salaries go and our expenses are paid. However, we have a bank account specifically for emergency fund. This bank account is an online savings account that gives us 1.3% interest. In India, it's not a big interest rate, however, it's a good rate in the US and the money is easily accessible. Instead of keeping the money in checking account, where you get almost ZERO interest rate, we are keeping it in this online savings account.
Where do you guys keep your emergency fund? - 9 minutes ago