Emergency Fund

How Much You Should Have in an Emergency Fund

Imagine you walk into a party and you see two groups of people deep in conversation. The first group is in a spirited conversation about the latest financial trend or fad that could lead to massive profits. The second group is talking about how much to have in an emergency fund.Which group would you join?If I were to guess, most people would likely choose the first group. But let's be honest, how many times is there a group of people talking about their emergency fund outside of a Dave Ramsey course. Not many.Despite its lack of pizazz, an emergency fund…
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Using a HELOC as an Emergency Fund

Establishing an emergency fund is one of the fundamental steps in building a firm financial foundation. Emergency funds provide you with a buffer for when, not if, but when life throws a curveball your way. Traditionally, such funds are maintained in highly liquid assets, accessible at a moment's notice to cover unforeseen expenses or to provide a financial buffer in times of income disruption. Most emergency funds consist of a checking, savings, or money market fund and perhaps some cash on hand that is easily accessible.A question I often get is should you use equity in a home as an emergency…
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