The Emergency Fund – UNBROKE Financial Literacy Tiphttps://unbroke.net/wp-content/uploads/2017/03/blog-dummy-1024x576.jpg 1024 576 Charles Weeks Charles Weeks https://secure.gravatar.com/avatar/74ccfbdde4452e70d4c2538b882749c1?s=96&d=mm&r=g
I have written extensively in the past about emergency funds and how important they are. Without a proper fund, it is impossible to move forward to other parts of a financial plan. Without proper savings, you are more likely to need to use credit cards or other sources of borrowing when, inevitably, a financial emergency occurs. This will result in having to pay those funds back with interest and a reduction or elimination of savings for goals like retirement.
In this video, I give a short explanation of what an emergency fund is and isn’t, how much you’ll need to save and where to keep the funds. For more information about creating an emergency fund, click on the link below:
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