Q. I want a better place for my emergency fund, and I’m thinking of using laddered Certificates of Deposit (CDs). How would that work, and is it a good idea?
Q. I don’t have an emergency fund, but, I have always felt very secure knowing I have a zero balance, low interest home equity line of credit that would allow me to get, on an emergency basis, close to three times my annual salary. Is this a legitimate substitute for a separate emergency fund?