berryjam@lemmy.world to No Stupid Questions@lemmy.world · 10 hours agoIs it worth investing if I can only contribute $50 a month?message-squaremessage-square37fedilinkarrow-up182arrow-down14file-text
arrow-up178arrow-down1message-squareIs it worth investing if I can only contribute $50 a month?berryjam@lemmy.world to No Stupid Questions@lemmy.world · 10 hours agomessage-square37fedilinkfile-text
minus-squarefoggy@lemmy.worldlinkfedilinkarrow-up8·9 hours agoDo you have emergency money? First start emergency fund, then take care of debt. Then build a savings for emergency fund, then invest.
minus-squareComradeMiao@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1arrow-down1·7 hours agoEmergency fund money should be in a HYSA at least if not index funds.
minus-squarefoggy@lemmy.worldlinkfedilinkarrow-up4·1 hour agoTerrible advice. Emergency money literally must be liquid or it is not, by definition, emergency money.
Do you have emergency money?
First start emergency fund, then take care of debt. Then build a savings for emergency fund, then invest.
Emergency fund money should be in a HYSA at least if not index funds.
Terrible advice.
Emergency money literally must be liquid or it is not, by definition, emergency money.