- Under the mattress. You always have access to this money, but the con is that you aren’t earning any interest on this. I don’t do this. I don’t like having cash on me because I am extremely paranoid about someone stealing from me. I’m crazy though.
- Checking account. Easy access but no interest.
- Money market account. A pro is that they carry higher interest rates than at your banks everyday account, but a con is that it might be a little more difficult to get quickly.
- Savings accounts. It is easy to transfer money from your bank’s checking account to your savings account, so it is easy to access and can gain a little interest. However, the interest rate is usually not too high.
Where/how do you keep your EF?