Hi, everyone - I am working on starting a real emergency fund. Everything I've read says that it is appropriate to have three to six months of living expenses set aside, in case anything happened and you do not have an income coming in. That makes a lot of sense to me. I would be more comfortable with saving up 6 months - and anything more would be awesome. Obviously the point of an emergency fund like this is not to dip into it when you need extra cash - the real point is to have money ready for you. So, where do you put your emergency fund and how do you work on NOT spending it? I am still in the works of working out a budget, but have started thinking of ideas for an emergency fund. Do you think it's a good idea to open up a CD? That way, I honestly cannot dip into it without penalties? When the CD reaches maturity (and I would probably do a few months at a time, to be honest), I would put in more money into that account and make it into a CD again, so I can't take money out. What do you do?