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Your emergency fund strategy


Bandit

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I make use of a combination of a notice deposit and credit card.

 

FNB 32 Day notice deposit with 5-6 month's expenses in it. If I have an emergency I use my credit card when possible and then request money from the 32-day account to settle the expenses on the credit card. If I can't use the credit card I pay the penalty fee on the 32-day account and get the money instantly.

 

Pro Tip: if you are with FNB and you schedule a monthly deposit of R1000 or more to go into the 32 day account you score some extra eBucks (unless they changed the rules since the last time I checked).

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