Buy SPY by May 12, 2027.

Everyone always says to keep 3-6 months worth of expenses in a savings account with a measly 0.6% APY. What I don’t understand is why someone wouldn’t just buy the S&P 500 what their $5000+ savings and earn a higher return. You can just sell and have your money the same day or next depending on your bank, which should be plenty of time to pay off credit card debt or rent. Additionally, emergency funds may never get used for …