Emergency Funds: Emergencies Happen When You Least Expect It
Family Balance Sheet
FEBRUARY 22, 2011
By the end of 2007, our business was picking up again and we were gaining some momentum, but not before we practically wiped out our emergency fund with only $2000 left to spare, not enough to get us through one more month. Which comes first: saving for an emergency OR paying off debt? It is not a spending account.
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