Wednesday, July 18th 2018

Question

What is a rainy day fund?

Interesting Question?   (4)   (6)



Answers (1)

17th Dec 2009 by Gary

This is any type of investment you make for the purpose of protecting yourself over the short term in case something unexpected happens. It could be a savings account, liquid CD, money market account, and something like that which doesn't generate a fee if you want or need access to your money immediately. While you could have a fund which generates fees through your investment, it wouldn't make any sense to do that and lose a portion of your money when needed it.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



1st Dec 2009 In Budgeting 1 Answers | 417 Views

Answer This Question / Give Your Opinion
What is a rainy day fund?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
Which banks offer the highest time deposit rates in the USA?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Which banks offer the highest time deposit rates in the USA?
Unanswered Questions in Budgeting
Where can i find discount coupons?
Where to buy discount movie tickets?
How much to budget for when travelling to Europe?
How much to budget to spend on food in a week or month?
Where can i find promotional codes

Answered Questions in Budgeting
Where to buy discount tickets?
What is an emergency fund?
Where to find grocery coupons?
What is ebt cash?
What can i sell for quick cash?
Ask A Question
Get opinions on what you want to know:
Specific to any country?