The Beginner’s Guide to Emergency Funds

The Beginner’s Guide to Emergency Funds

Budget management can be incredibly stressful, especially for those who are new to financial literacy. Being unprepared for an emergency can throw an additional wrench into otherwise sound financial plans, leaving people with little choice but to take on additional debt. Thankfully, there’s a simple solution: start and maintain a solid emergency fund.

What Is an Emergency Fund?

An emergency fund is an easy-to-access cache of money set aside to cover unexpected expenses. It’s a great alternative to relying on an Emergency Loan Provider if you suddenly find yourself facing financial emergencies such as:

Urgent, unplanned home repairs
Medical bills incurred due to unexpected […] Read more