u/New_Source_6083

Maybe this is a dumb question but I’m truly confused. I always hear the advice about never having more than a couple months of living expenses in a savings. Anything after that should be invested. Does that rule not apply when you’re saving up money for a down payment on a future home? I have a Roth IRA that I put money into every month( I’m not maxing contributions, my focus is my emergency fund) and I’m building my savings. I only have 2 months of living expenses saved up. I started putting everything I earn into a HYSA to save up for a future home. Does anyone else do it this way? Or investing every extra dollar into retirement?

Maybe this is a dumb question but I’m truly confused. I always hear the advice about never having more than a couple months of living expenses in a savings. Anything after that should be invested. Does that rule not apply when you’re saving up money for a down payment on a future home? I have a Roth IRA that I put money into every month( I’m not maxing contributions, my focus is my emergency fund) and I’m building my savings. I only have 2 months of living expenses saved up. I started putting everything I earn into a HYSA to save up for a future home. Does anyone else do it this way? Or investing every extra dollar into retirement?