How many of you have had an unplanned expense recently? How much was it $500? $1,000?
Unplanned expenses are anything but, unplanned. Sure, we don’t know when they will occur, but they will occur.
Being able to “plan” for those expenses will save you a lot of grief, and will probably save you money.
If you don’t have a rainy day fund, how do you pay for an unexpected expense? Your credit card?
Having an emergency fund has many benefits, and having one set up can make a big difference in your life. But how do you save for emergencies? What characteristics does an emergency fund have? And when should you use it?
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