Emergency or Savings - Where’s Your Money Going?
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credit: Axel-D
If you’ve paid off debt - or even if you haven’t, but are working towards it - then many financial planners recommend that you also keep both a savings account and some kind of emergency fund. But what happens if your car needs a sudden, expensive repair, and you have to have your car to be able to get to your job? Where should you pay this bill from - your savings account or your emergency funds? (more…)
If you're new here, you may want to subscribe to my RSS feed. Want more frequent updates follow me on Twitter. Thanks for visiting!
credit: Axel-D
If you’ve paid off debt - or even if you haven’t, but are working towards it - then many financial planners recommend that you also keep both a savings account and some kind of emergency fund. But what happens if your car needs a sudden, expensive repair, and you have to have your car to be able to get to your job? Where should you pay this bill from - your savings account or your emergency funds? (more…)
