Emergency Fund: Everything you need to know

Why do I need it?

Because life happens. Cars break. People get hurt. Medicine needs to be bought. Jobs get lost. People die. People get very sick. Crucial appliances get broken. The list goes on.  

Why can’t I borrow money for an emergency if I need to?

Assuming that someone will lend you money  borrowing even small amounts of money from a private lender or credit card can spiral very quickly out of control.  

Where should I keep this money?

The best place to keep an emergency fund is in a regular checking or savings account. 

How do I start an Emergency Fund?

Just start. Take whatever money you can and open an emergency fund today. 

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