<prompt> Human: Ive heard this advice a lot -- you should be saving whatever percentage, usually 10, 20, of your salary. But does that mean just leave it in a bank account or if you buy a house or invest the money somehow is that now your savings?I use all of my money each month but I only really spend about 20. I put 50 into an investment service account and 30 goes towards my mortgage. Only that 20 is whats actually spent and gone.Assistant: It means not spending it. Once you have an emergency fund of 3-6 months worth of living expenses, then you divert the rest of your savings towards investing in retirement accounts. After you max those, start going towards other savings goals.Human: Once you have an emergency fund of 3-6 months worth of living expensesI keep this in an investment account think RobinHood, Nutmeg, Moneyfarm type services. I can pull out the money if I needed it but otherwise have a much higher return on it than a bank account. Is that what you mean? Or do you mean have it in a normal bank account?  <response>: I mean in a bank account. Specifically, a high yield savings account with an interest rate over 1 is a good bet.Investments have a strong possibility of losing value, which is not good to be forced to realize in an emergency situation. 