The following is a guest post by my friend Chris (@yegct) on the importance of having an Emergency Fund for something you never want to need an Emergency Fund for. Emergency funds are important, right? I mean, everyone says so. The rule is always six months of essential living expenses, saved up in cash and easily accessible. But, come on. You have real financial responsibilities that are a hell of a lot more urgent. You have to pay off your credit card debt, maybe get ahead on your mortgage. You still have those student loans, for crying out loud. Besides, you have life insurance (term life, not cash-value insurance) if the worst happens. You’re covered, right? I thought I was. I’m Chris Thompson. That was me in 2011, all financial bases covered. I was married. I had a mortgage, life insurance, a good job, plus just a little bit saved […]
The post Saving to Survive the Unthinkable appeared first on Money After Graduation.
from Money After Graduation https://ift.tt/2KbdGbf
#money #finance #investments
No comments:
Post a Comment