Where Should You Keep An Emergency Fund?

Thank you for sharing!

The first major step on the Family Finance Road Map to free yourself from credit cards and adding to your debt is to build an Emergency Fund. But where to keep that emergency fund is this week’s follower Ask Me Anything topic.

Every day, I get lots of great questions from followers across social media, in the Family Finance Moms closed Facebook group, via DMs on Instagram, and submitted to my Contact Me page. Some of these are questions I get in varying forms frequently and are worth sharing as a reply to help everyone. Each week, in the Ask Me Anything series, I’ll be sharing an actual question, straight from one of you, and a fully researched and detailed reply.

This week’s question comes from one of my Instagram followers and is about where to keep an emergency fund.

Can I use a short-term CD for growing my emergency fund? Click to Tweet


Thank you for sharing!

About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.


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  3. Krista on June 10, 2020 at 11:11 pm

    Great piece! This was our thought process for our emergency fund, and it is good to validate it!

    • Meghan on June 11, 2020 at 1:01 pm

      Thanks Krista!

  4. […] also have opened a savings account to set aside money you don’t want to spend right away, to build an emergency fund or set up sinking funds for things you want to save for […]

  5. […] Related Post: Where to Keep An Emergency Fund? […]

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