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The Importance of Having an Emergency Fund
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:29:55
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Sinopsis
Your future self will you for establishing an emergency fund now. It’s important to set aside emergency savings can help you get in case your home needs an urgent repair or something more serious like unemployment. We will help you figure out how much you need and how to get an emergency fund started. Having an emergency fund is one of the most important things you can do. It’s part of adulting. Your savings should be able to cover your major expenses for three to six months. What is an Emergency Fund? An emergency fund is a pool of liquid money set aside for unforeseen expenses like a medical expense or a car repair. Having an emergency fund can be the difference between a small bump in your financial life and complete disaster in your entire life. Having a robust emergency fund gives you peace of mind. No one wants to live one paycheck away from not being able to pay the rent or one car breakdown away from not being able to get to work. It also gives you some freedom. If you decide to leave a relation