Everything You Need to Know About Emergency Funds

Why do I need it?

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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.

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

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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.

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Where should I keep this money?

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

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How do I start an Emergency Fund?

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

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