Comments on: The Tri-Level Emergency Fund http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Sun, 12 Feb 2012 17:23:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: The Secret to Replacing Your Income http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-47084 The Secret to Replacing Your Income Mon, 01 Nov 2010 09:01:10 +0000 http://frugaldad.com/?p=3188#comment-47084 [...] at no time should you consider exposing your near-term savings, such as your tri-level emergency fund, to the same level of risk as your working capital. You might begin to feel that the pile of [...] [...] at no time should you consider exposing your near-term savings, such as your tri-level emergency fund, to the same level of risk as your working capital. You might begin to feel that the pile of [...]

]]> By: Lee http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-31485 Lee Fri, 11 Sep 2009 17:41:47 +0000 http://frugaldad.com/?p=3188#comment-31485 Superb advice there. Emergency funds are a must, but splitting them up and keeping a bit of it in true liquid cash is a great idea. Superb advice there. Emergency funds are a must, but splitting them up and keeping a bit of it in true liquid cash is a great idea.

]]> By: Meaghan http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-29024 Meaghan Sun, 26 Jul 2009 03:46:01 +0000 http://frugaldad.com/?p=3188#comment-29024 I like how you break it down. You make an important strategy sound so logical and simple. Thanks for all the tips...I always look forward to your posts!! I like how you break it down. You make an important strategy sound so logical and simple. Thanks for all the tips…I always look forward to your posts!!

]]> By: anonymous http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-28877 anonymous Wed, 22 Jul 2009 16:24:05 +0000 http://frugaldad.com/?p=3188#comment-28877 There are rumors on Wall St. about a banking holiday around the Sept timeframe. This has been done before. Though the propaganda off of CNBC and "stellar" banking profits, the opposite is true from all my research. Just check into the major banks plays in the casino/derivatives markets. The removal of mark-to-market rule made the banks actually valuate the crap assets for what they were really worth, now afterwards the same crap can be valued at 100% at the discretion of the bank. So this is where all these profits are coming from, trickery and the famous papershuffle. The 0.25% or 2.25%(a riskier bank) savings rate isnt the worth the risk. Anonymous There are rumors on Wall St. about a banking holiday around the Sept timeframe. This has been done before. Though the propaganda off of CNBC and “stellar” banking profits, the opposite is true from all my research. Just check into the major banks plays in the casino/derivatives markets. The removal of mark-to-market rule made the banks actually valuate the crap assets for what they were really worth, now afterwards the same crap can be valued at 100% at the discretion of the bank. So this is where all these profits are coming from, trickery and the famous papershuffle. The 0.25% or 2.25%(a riskier bank) savings rate isnt the worth the risk.
Anonymous

]]> By: Kelly http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-28767 Kelly Tue, 21 Jul 2009 03:15:42 +0000 http://frugaldad.com/?p=3188#comment-28767 Excellent advice. I just wrote a post about have a "budget busters" account we keep at our credit union so it's easy to get to, and the EF further away at ING, but we do not keep cash in the house. I am a spender when it comes to cash, but I like the idea of having it on hand in a safe place for emergencies. We once had a power outage in the summertime that lasted 5 days! Thankfully I was staying with family, but it sure made my husband's life more difficult! Excellent advice.
I just wrote a post about have a “budget busters” account we keep at our credit union so it’s easy to get to, and the EF further away at ING, but we do not keep cash in the house.

I am a spender when it comes to cash, but I like the idea of having it on hand in a safe place for emergencies.

We once had a power outage in the summertime that lasted 5 days! Thankfully I was staying with family, but it sure made my husband’s life more difficult!

]]> By: Generation Y Investor http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-28765 Generation Y Investor Tue, 21 Jul 2009 00:43:55 +0000 http://frugaldad.com/?p=3188#comment-28765 I really liked this post... it was a very unique and interesting take on the good old e-fund. -Gen Y Investor I really liked this post… it was a very unique and interesting take on the good old e-fund.

-Gen Y Investor

]]> By: thisisbeth http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-28762 thisisbeth Mon, 20 Jul 2009 23:20:27 +0000 http://frugaldad.com/?p=3188#comment-28762 I have parts two and three in place, but am notoriously bad about keeping cash on-hand. I need to remedy that situation. My local bank happened a bit accidentally, but it presently hold a mortgage payment plus a little extra. This way, if something happens somewhere in my financial system, I have at least one mortgage payment ready to be paid. I have parts two and three in place, but am notoriously bad about keeping cash on-hand. I need to remedy that situation.

My local bank happened a bit accidentally, but it presently hold a mortgage payment plus a little extra. This way, if something happens somewhere in my financial system, I have at least one mortgage payment ready to be paid.

]]> By: Dave http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-28758 Dave Mon, 20 Jul 2009 19:57:23 +0000 http://frugaldad.com/?p=3188#comment-28758 For keeping some cash in the house, try giving a check to a plumber at 3AM Sunday morning, they want cash because thats a 30% raise, cash goes in the pocket, not on the books. For keeping some cash in the house, try giving a check to a plumber at 3AM Sunday morning, they want cash because thats a 30% raise, cash goes in the pocket, not on the books.

]]> By: Curt http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-28757 Curt Mon, 20 Jul 2009 19:51:12 +0000 http://frugaldad.com/?p=3188#comment-28757 Excellent idea. I have been doing this for years, just didn't have a name for it. Excellent idea. I have been doing this for years, just didn’t have a name for it.

]]> By: AJ http://frugaldad.com/2009/07/20/the-tri-level-emergency-fund/#comment-28756 AJ Mon, 20 Jul 2009 19:39:22 +0000 http://frugaldad.com/?p=3188#comment-28756 Great post! I will have to follow this. Great post! I will have to follow this.

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