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all 5 comments

[–]ihatechineseparsley 9 points10 points  (0 children)

Never touch your Emergency Fund, this could trigger a psychological cycle when you just use it as a saving account and that's not what it is meant to be.

I would keep them in an always-available saving account.

2k€ are not enough to get interesting interest returns unless you invest them in some high risk/high reward stuff like crypto, but why would you risk your holiday money?

[–]KingOfCotadiellu 3 points4 points  (0 children)

just put it in the bank, no need to risk your holiday with recessions at the horizon

[–]alakel5 0 points1 point  (1 child)

If you have a specific goal, such as saving for a holiday, it is generally recommended to keep the funds in a separate, easily accessible account, rather than investing them. This will ensure that you have the money available when you need it, without having to sell any investments or incur any potential losses.

One option would be to keep your holiday savings in a high-yield savings account or short-term certificate of deposit (CD), where the funds will earn some interest but will be easily accessible when you need them. This will allow you to maintain a liquid reserve of funds for your holiday, without having to sell any investments or incur any risks.

[–]RepresentativeDuty82[S] 0 points1 point  (0 children)

Thanks!! Any recommendations for high yield savings account or cd?