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Some great posts from around the web further explaining or reinforcing the importance of the emergency fund.
If you have been around the field of personal finance for any amount of time I am sure you know the concept of the emergency fund.
Emergency funds are savings set aside in a money-market account or high-yield savings account that are NEVER touched unless a legitimate emergency occurs.
The Purpose of an Emergency Fund. Hint: Not What You Think
I was talking to a friend today about the difference between an emergency fund and a sinking fund. She heard the term “sinking fund” on The Dave Ramsey Show so she called me up to ask if I’ve ever heard of one. …
Please leave a comment and let me know what you think of the concept of the emergency fund and let me know what you think constitutes a real emergency.
