How Much Money Is Good For A Rainy Day?
$500-$1000. A rainy-day fund is smaller than an emergency fund and is often used for one-time small, unexpected expenses. A rainy-day fund should generally have $500-$1000 to ensure you have enough cash on hand to cover things such as car repairs, new appliances, etc. Should I have a rainy day fund? A 2021 Federal Reserve …