Unformatted text preview: encourage people to take all of the necessary precautions, sometimes more than what may be deemed as sufficient. Having more funds also helps in the event that if you are out of work for a short period of time and then get a job rather quickly, you have an excess in your emergency funds that will allow you to stay within a 3 to 9 month emergency fund range. As for the types of investments to go with, the best choices are typically your savings account, CD's, and Mutual Funds. The reason being is that these investments are assured to bring back a return. If you have the funds to put into a CD that usually brings the best return, however you typically can't pull funds out of a CD without incurring penalties. Because of that it may not be the best choice even though it has the best return. . I think the mutual funds would probably be the best of these to invest in....
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- Spring '12
- Finance, Emergency Fund, current financial environment