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- Three to six months of take-home
- pay is usually adequate to cover
- living expenses during most
- emergencies. It is recommended
- that no more than three months
- be saved in a regular bank or
- credit union savings account.
- The remainder should be saved in
- other easily accessible accounts
- such as short-term Certificates
- of Deposit (CDs) which gain
- higher interest, yet funds are
- accessible in short periods of
- time without a penalty incurred
- for withdrawing.
-