Would another possible strategy to build and preserve a reserve be to build your leave balance and maintain it at some minimum? I recognize that this option is not available for everyone and perhaps it depends on what one is most concerned about having the emergency funds cover. What came to my mind was loss of job or extended illness. Maintaining a leave balance of some minimum hours would seem to cover both and leave cash available for investment. Further, leave earned in previous years is payable at today's dollars so in a sense it increases in value.
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Would another possible strategy to build and preserve a reserve be to build your leave balance and maintain it at some minimum? I recognize that this option is not available for everyone and perhaps it depends on what one is most concerned about having the emergency funds cover. What came to my mind was loss of job or extended illness. Maintaining a leave balance of some minimum hours would seem to cover both and leave cash available for investment. Further, leave earned in previous years is payable at today's dollars so in a sense it increases in value.
Post: Skimping on Cash
Link to comment from June 26, 2021