Emergency or Savings - Where’s Your Money Going?
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…)
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…)
