"Rainy day fund"?
I have been building a "rainy day fund" for a while now and currently have 4 months of operating expenses saved.
I have been told by some that this might not be the best use of my $ and that it may be better to put the money back into the business immediately.
I am weary of not having a real backup plan with the current state of the economy but am interested in hearing your opinions on reserve funds vs. putting the money to work right away.
Do you have something to add to this discussion?Login