Why You Need Emergency Funds And Cash Reserves

Why You Need Emergency Funds And Cash Reserves

One of the few personal finance concepts that garners near-universal praise is the emergency fund.

For many topics in personal finance, there are seemingly as many critics as there are advocates. “The stock market is too risky,” “You can’t retire early because you need health insurance,” “You shouldn’t travel because it’s wastefully expensive.”

I don’t agree with any of these perspectives,…

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