Emergency fund, college fund, retirement fund, new car fund, house down-payment fund, vacation fund... That's a lot of funds!
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The amount you put in a CD will depend on your financial goals and the timeline. The general rule of thumb is to select a maturity date for your CD based on when you want to access the funds.
If you don't have a ton of money saved up, you can still get to $1 million if you just invest in the stock market each month.