Emergency Funds: Emergencies Happen When You Least Expect It
Family Balance Sheet
FEBRUARY 22, 2011
In 2007, we used about 6 months worth of living expenses and our savings came very close to drying up, so saving one year's worth of living expenses might be more wise for us. Which comes first: saving for an emergency OR paying off debt? Take a deep breath, because with a well-funded emergency savings account, you're covered.
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