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Life Savings

2K views 13 replies 11 participants last post by  frugalforever 
#1 ·
What would you do if you had several thousand dollars and this is your life savings besides your 401K? Safe Deposit Box? Safe in your home? Invest it?
 
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#3 ·
I have my life savings spread across several different types of accounts. If someone handed me a couple of thousand dollars right now, I'd probably just keep it in a vanilla savings account, but that's very situation dependent.
 
#12 ·
Cash is king....rainy or sunny :)
 
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#13 ·
I keep most of my savings in Ally bank. I have a savings account there attached to my local credit union checking account, so I can transfer money when I need to. You might look into that or a similar bank. They pay around .80 interest right now, which is probably better than your local bank or credit union.
 
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