It’s summer and all is sunny, but do you have a rainy day fund? If not, you should start one. We recommend keeping enough cash in a savings account to cover 3-6 months of expenses in case of an emergency. The most common rainy day scenarios we see in our practice are medical issues which can result in income loss or unexpected costs. Having enough money to cover your expenses for up to a half a year can give you peace of mind and flexibility if something happens. A high-yield savings account is a great place for this money. These accounts now yield around 1.75% annually so you will actually make some money on your rainy day cash. The savings accounts we highlighted last year from Ally Bank, Discover, and American Express are still good choices.