Should You Invest Your Emergency Fund?
Unless you watch reruns of The Apprentice, you probably don't expect to hear "You're fired!" anytime soon. Nor might you expect your roof to start leaking, or a water pipe to burst beneath your kitchen floor. But these emergencies happen, and sometimes all at once.
The surest way to manage through a financial challenge is to plan ahead. Commonly, that contingency plan involves having an emergency fund in cash to use when things go sideways. It's a sensible approach, certainly. You can dip into your safety net to cover your living expenses while you find a new job, or pay for those pricey home repairs. After your situation stabilizes, you can refill the coffers so you're ready for the next whammy.
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Source Fool.com
