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Building an emergency fund provides peace of mind from "summary" of Smart Women Finish Rich by David Bach
Having an emergency fund is crucial for financial security. It's like having a safety net that provides peace of mind during uncertain times. Life is full of unexpected events - a sudden job loss, a health emergency, or a major car repair. Without an emergency fund, these surprises can wreak havoc on your finances and cause undue stress. Building an emergency fund is a proactive way to protect yourself from these unexpected events. It allows you to weather financial storms without having to rely on credit cards or loans. With an emergency fund in place, you can tackle emergencies knowing that you have a cushion to fall back on. This sense of security can be invaluab...
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