Hit my emergency fund goal early and now I'm stuck on what to do next

I just hit $5,000 in my savings, which was my target for the year, but I did it in 4 months. Part of me wants to boost my retirement account, but another part thinks I should just let it sit for a bigger cushion. What's your move after hitting a big money goal?

2 comments

2 Comments

clairer7911d ago

Congrats on hitting that goal so fast. My brother did something similar last year and ended up putting half into a CD for a bit more interest, which felt like a good middle ground between saving and locking it away.

vera_lewis11d ago

Huh, I always thought CDs were for old people with too much money. But your brother's idea makes sense. Stashing half in a CD is smart, you get a better rate but it's not all stuck. Might actually look into that for my own emergency fund now.