One to two year money parking

[merlin7676]

I am contemplating moving in the next year or so. 

Currently I don't hold much money savings.  $100 in checking and ~$500 in savings...This covers any small purchases that are necessary. For an emergency I would use CC and my vtsax as I'd rather have the money in there growing.

If I do move, I'd need enough for 1st month, last month, security deposit, setting up utilities, actual move (out of state), etc.

Is it better to just keep putting it away in the index fund as I'd have anywhere between 3-7 quarters of dividends which are typically better rate of return than my savings acccount rate as well as losing money due to inflation?  Or since it's so short, should i just bite the bullet and put in savings so it's guaranteed to be there.

I probably won't end up moving as there are other factors that I don't want to get into here. Just wanted to know if I do decide to do it, what is the best place for the money?

thanks

[maisymouser]

$600 doesn't seem like much of an emergency fund. Do you drive a car or have any other emergencies that might possibly pop up that would be more than ~$600? What would you do if there was a major market crash? Still pull out the CC and yank $ out of VTSAX?

This market is crazy and I wouldn't bank on it growing within the year.

You don't mention anything about the logistics of moving and how much those items would cost. Nor do you describe how much you have in the market. To me it seems obvious that you should put more in savings. But relative to others on this forum I'm not great with these kinds of decisions.

The expenses of the move are probably not huge in the long run, so I would just save that up and not worry about the returns if you want to know it's an option available to you in the next coupla years.