Short Term Savings

We all read about long term savings goals and making investments for the future and for retirement but have you thought about keeping a short term stash of money for those expected or unexpected rainy days. If something unexpected happens like a car breakdown would you have the money to have it fixed? Well if you have a short term savings plan in place you would which everyone should have.

Once you have the amount saved that you think you need there's no reason why the money shouldn't earn it's keep just like any other investments so a savings account isn't always the best place to keep it, read on for the most popular places to keep your short term savings.

How Much in Short-Term Savings?
"The amount you squirrel away in safe, liquid investments is ultimately a personal decision (just like whether you should dye your hair, marry the boring investment banker or the sparkly English teacher, or choose butter over margarine). However, we certainly can provide some Foolish guidelines. How much you set aside depends on the following factors"
MSN Fool

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