Hopefully you have a fund containing enough to cover your regular living expenses for at least three months. Such emergency funds have never been more important than now. If you haven’t yet been forced to dip into that account, you’re probably one of those contemplating it after a layoff or as the bills get harder to pay every month. At what point is your situation an emergency? When should you throw in the towel and accept that you need to use some of that emergency money you have been stashing away?
Good Reasons to Use the Emergency Fund
Unemployment funds will either run out or become inadequate for your needs. Sometimes you cannot get the budget to stretch far enough no matter how much you cut expenses. When
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