Where is your emergency fund?

I’ve been working since February, and I’ve been saving money for a six month emergency fund. So far the money has just been in my Wells Fargo savings account, but I’d like to put it somewhere more effective.

So, where should it go? I’m looking at either a high yield savings account, or something like a Vanguard money market fund, but I’m not sure if there are better options. I was thinking I wouldn’t put it into an index fund, so that I don’t have to sell at a loss if I need the money when the market is down, but the return on the investment would be much higher if I did use an index fund. I’m just not sure.

Where do you all have your emergency funds, and where would you recommend I put mine?

submitted by /u/SummerStarWatcher
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Author: /u/SummerStarWatcher

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