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We answer your 3 crucial questions about emergency funds | The Simple Dollar
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We answer your 3 crucial questions about emergency funds | The Simple Dollar

Having an emergency fund is very important, that if you don’t have it yet, you must start saving for it as soon as possible. Your emergency fund should be at least worth your living expenses for one month. Relying on credit cards when it comes to emergencies is not ideal as you will have to pay for the interest, and there’s no guarantee that it is available whenever you need it. If possible, divide your emergency fund into two: one in the bank and one at home.

Source: https://www.thesimpledollar.com/financial-wellness/ask-the-simple-dollar/reader-questions-emergency-funds/?utm_source=feedly&utm_medium=webfeeds&utm_campaign=Feed%3A+thesimpledollar+%28The+Simple+Dollar%29

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