Lifeline in tough times: why an emergency fund is essential
CASH is not king, so why should you maintain an emergency fund? And why are we debating this again? The subject of emergency funds has been discussed so often that it has lost all novelty and interest.
Because an emergency fund is critically important, that’s why. The consequences of doing it wrong can be dire: not having an emergency fund, having too little in your fund, or keeping the fund in an incorrect instrument.
