Preparing for the
The Importance of an Emergency Fund
Preparing for the Unexpected
The importance of an Emergency Fund
Life is filled with uncertainties, but you can be prepared to minimize some of the financial stress and strain by having an emergency fund.
» Keep emergency funds in a separate savings account.
» They should be easily accessible.
» Earn interest on the funds.
» Look for accounts with penalty-free withdrawals.
Emergencies: The Emotional Impact
An unexpected event often carries with it an emotional impact. An emergency fund gives you the ability to handle it without the stress of taxing your personal finances. Think of an emergency fund as a side order of peace-of-mind.