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If yes, you can use your credit cards credit limit to cover you in most emergencies and then invest your savings in something that pays higher yield. I like bond funds--espeically NQS, Nuvene Select Muni bond fund, a closed end fund. Buy on dips when its $0.96/yr fed tax free will give you close to 7%, for most of us that is over 9% taxable. But be careful about rising interest rates. Don't hurry, but be ready on dips or when interest rates finally stabilize.

I actually have one short-term liability coming up that I'm going to have to be able to cover before I can move my money to anything complicated, but can you give me a pointer or two about that fund? I'd been looking at using I-bonds rather than a savings account. The savings account works well for me though because I auto-deposit into it and "trick" myself into saving. ;)
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