I'm trying to figure out the appropriate amount of liquidity to maintain. I want to ensure I have enough cash on hand to cover unexpected expenses and opportunities, but I don't want to tie up too much capital either.
7 answers
CryptoDynasty
Sun Dec 01 2024
The recommendation is based on the idea that having a readily accessible cash reserve can provide financial security.
KimchiQueen
Sun Dec 01 2024
The emergency fund is usually kept in savings accounts that allow for easy access.
Raffaele
Sun Dec 01 2024
This ensures that the funds can be quickly obtained when needed.
CryptoChieftainGuard
Sun Dec 01 2024
Financial planners frequently advise individuals to maintain an emergency fund equivalent to at least six months of income.
Carlo
Sun Dec 01 2024
This fund is intended to cover any unforeseen expenses that may arise.