Where Should You Keep Your Emergency Funds?

When you start paying attention to your finances, one of the first things you’ll want to do is start an emergency fund. The idea behind the emergency fund — which should eventually be enough to pay for three to six months of living expenses — is that you should be able to use it for an unexpected financial setback that would normally strain your budget. Whether you need to pay for a $1,000 car repair or you need to supplement your income after a job loss, your emergency fund can prevent financial ruin. But where should you keep the money in your emergency fund? We have  some ideas for managing your emergency savings — read all about them on our sister site, Living on the Cheap.