Is $10,000 in reserve funds enough to move to New York City either as a...

[bolinger81380]

...student or living with friends? I do have the option of on campus housing or living with friends, so I am wondering if this is enough. I know it is not quite enough to buy a place though, even for the down payment.

[popowich]

I suppose that depends. Do you have a job? How about student aid or loans?

A good rule of thumb is to have at least 6 months of expenses tucked safely away in a savings account somewhere.

BTW, PayPal and HSBC Online Savings have been running in the 5% interest rate range.

-Raymond