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066R | Letting Go of the Emergency Fund

Understanding emergency funds, investing in your house and some college and library hacks.

What you’ll hear on today’s show:

  • Review of Monday’s episode
  • Different scenarios for using emergency funds
  • Where to put your emergency fund
  • Consumers Credit Union rewards checking paying 3.09% on a balance up to $10,000, at the time of this recording. You can earn up to 4.59% depending on balance and credit card usage also.
  • Jennifer asks a question about needing the fund in 2-3 years
  • The different options to optimize your emergency fund
  • Voicemail from Paul on whether a house is an investment
  • Voicemail from Melissa on Mrs Frugalwoods’ journey with make-up
  • Voicemail from Captain DIY on college hacking with trade schools
  • Chris pays off $100,000 in debt
  • Jessie has a great library hack
  • iTunes review and book giveaway


Thank you for being a part of the ChooseFI community! If you want to support us, here are some easy ways:

1) Leave an iTunes review:

2) Use our page to sign up for travel credit cards

Note: We may receive a commission if you are approved for cards on this page

3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! (Episode 21 is a great starting place)

As Jonathan would say, “The FIRE is spreading my friends!”

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Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser. Disclosures.
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