Planning for Emergency Funds

Whatever your current situation or future goals, you should have appropriate funds to help ensure that an emergency won't leave you in financial difficulty. A good rule of thumb is to have six to 12 months’ worth of living expenses that is easily accessible.

You may want to consider investing this money in an easy access account. This could include an Edward Jones Premier Cash Fund Shares Account, a bank or building society savings account, or a short-term corporate bond. Investments such as these are more liquid, which makes them a potentially smart choice for unexpected short-term needs. These types of accounts also allow you to avoid dipping into your long-term investments at a moment's notice.

To see how to incorporate an emergency fund into your investment strategy, ask your local financial adviser.