An emergency fund is something I recommend to all my clients. Generally it’s 3 to 6 months of money set aside that equals that time period of expenses. Emergency funds are meant to help you make ends meet if you suffer an income loss or face an unexpected, essential expense. Bottom line we all have needs, wants, and wishes. The emergency fund is there to make sure you can cover your needs. Events worthy of using your emergency fund generally fall into one of two buckets: paying bills during a period of income loss or covering unexpected, essential expenses.
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