Emergency Funds: Emergencies Happen When You Least Expect It
Family Balance Sheet
FEBRUARY 22, 2011
Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery.
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