I had $240.00 left from last weeks check, will put that towards an emergency fund account. I have a checking and savings in the town that my mother lives in, (we co-own a small business there, we are going into our second year, so hopefully will show some profit this year!) I will put my money there for awhile.
Emergency Fund
January 4th, 2007 at 11:54 am
January 4th, 2007 at 01:28 pm 1167917322
January 4th, 2007 at 03:00 pm 1167922822
I like the idea of another town as well. For the longest time when I couldn't keep out of the $$'s I put my savings into a CU in the town my Dad lives in. I visited there about 8-9 times a year and it was only an hour away in the direst of emergencies, made Dad a joint owner so we could get at it if we really needed it. Of course this was BACK IN THE DAY when banks and CU's were old-school and we didn't have computers....but I could mail my deposits to them. It Worked!
Good luck on your business venture!
Listen to disney-steve, make sure wherever you're stashing it pays you a decent rate - 4-6% are the goingist rates for higher end interest these days.