Plan for emergencies from "summary" of The Dumb Things Smart People Do with Their Money by Jill Schlesinger
When it comes to managing your money, one of the most important things you can do is be prepared for the unexpected. Emergencies can strike at any time, whether it's a sudden illness, a car accident, or a natural disaster. Having a plan in place for emergencies can help you navigate these challenging situations with greater ease and less stress. One of the first steps in creating an emergency plan is to build up an emergency fund. This fund should ideally cover three to six months' worth of living expenses. By having this financial cushion in place, you can ensure that you have the resources needed to weather any storm that comes your way. It can be tempting to dip into this fund for non-emergency expenses, but it's important to resist that urge and only use it for true emergencies. In addition to ha...
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