Keep general savings to supplement your emergency fund for conference expenses (even if they will be reimbursed), research expenses, career counseling, travel, relocation costs for summer work, etc. If you are facing one of these opportunities without accessible funds, you will have the choice between not pursuing the opportunity and going into debt.
It’s reasonable to keep some amount of general savings on hand just for flexibility. However, the sooner you can anticipate the opportunity, the sooner you can set a savings goal to help you take it.
Join Our Phinancially Distinct Community
Receive 1-2 emails per week to help you take the next step with your finances.
