Q: I have $34,000 that I will not need to use for 8 months, and then I plan to use it to fix up my home. Why can’t I invest this so I can earn more than 0.20%?

A: If you need to use your funds in less than 24 months, you cannot afford to invest it. This is money you have set aside or saved specifically for a need, i.e., your kitchen. This type of money needs to stay liquid. A savings account or short term CD is your only option.

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