A Phased Approach to Emergency Funds

In my recent post on my approach to bonds and cash, I mentioned that I don’t have any dedicated emergency fund at all. I know this flies in the face of conventional personal finance wisdom, but I think I’ve got a pretty sound justification. My personal approach is not quite so aggressive as somebody like

UK Premium Bonds (Account Options)

Premium Bonds are a very unique type of account – a savings account crossed with a lottery. I think they’re pretty neat, and a nice, safe way of making short term savings a little fun. Synopsis Premium Bonds don’t have any parallel in the US, so a quick explanation of how they work: you deposit