Build an emergency fund from "summary" of Get Good with Money by Tiffany the Budgetnista Aliche
One of the foundational principles of financial stability is having a safety net to fall back on in times of crisis. This safety net is what we call an emergency fund. An emergency fund is a stash of money set aside specifically to cover unexpected expenses or financial emergencies. These could include anything from a sudden medical bill to a car repair or even a job loss. Having an emergency fund is crucial because it allows you to weather unexpected financial storms without having to resort to borrowing money or going into debt. Without an emergency fund, you might find yourself in a situation where you have to rely on high-interest credit cards or loans to cover sudden expenses, putting you at risk of falling into a cycle of debt that can be difficult to break free from. The general rule of thumb...Similar Posts
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