Safeguard Your Moving and Emergency Funds

With a little effort, you will be able to set aside money for your moving fund. But where should you keep that money? You probably already have a checking account that is convenient for everyday buying and bill paying. However, it is not the best place to put money that you don’t want to touch. Still, because moves or emergencies happen suddenly, you need to be able to get to your money quickly. Also, you want the money to be safe. A savings account may be the ideal solution. It’s not a good idea to put your moving fund or emergency fund money into a certificate of deposit or long-term investment where you must pay a penalty for getting it out.

Read “Be a Smart Saver” to learn how to protect money in your moving fund and keep it easily accessible.