I’m not sure I follow your reasoning.
I mean, 1% interest is admittedly criminal, but it’s still better than the 0% in checking. And a month’s wages feels like a lot—to me—to leave entirely idle.
Everything else though sounds like you’re well and ahead of the game though! Kudos for balancing your portfolio. 👍
A fair point.
Personally, I use ‘savings’ as a catch-all for any form of money you have no intention of spending frivolously. Be that in savings, stocks, or other forms of investment.
I’ve got a relative who saw anything beyond the 6 month mark as spending money. I don’t know what form his investments manifested in, but it clearly didn’t work as he’s in financial do-do, and it’s an unpleasant topic amongst the family.