Plan for unexpected expenses by maintaining an emergency fund from "summary" of The Coffeehouse Investor by Bill Schultheis
Life is full of surprises - both good and bad. Some surprises bring joy and excitement, while others can bring stress and financial strain. It's essential to be prepared for the unexpected, especially when it comes to unexpected expenses that may come your way. One way to be ready for these unforeseen costs is by maintaining an emergency fund. An emergency fund is a safety net that provides you with financial security in times of crisis. It acts as a buffer between you and potential financial disaster, giving you peace of mind knowing that you have a cushion to fall back on when unexpected expenses arise. Whether it's a medical emergency, a car repair, or a sudden job loss, having an emergency fund can help you weather the storm without having to resort to high-interest credit cards or loans. Setting up...
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