Since we were kids, most of us have heard from our parents and grandparents about “saving for a rainy day.” The idea is that you need to put money aside when times are good so that you’ll have some money for when times are bad.
Five days before Christmas last year, the downstairs area of my house flooded with groundwater. While the experience wasn’t fun, we were fortunate in that it wasn’t a budget disaster.
Many of our neighbors asked us how we were we able to handle the $2,300 in costs that came with damages associated with the flood.
The answer: our emergency fund.
Lauren writes to me, lamenting her difficulties with an emergency fund: I want to have an emergency fund, but every time I think about the amount of money
Since we were kids, most of us have heard from our parents and grandparents about “saving for a rainy day.” The idea is that you need to put money aside when times are good so that you’ll have some money for when times are bad.
Five days before Christmas last year, the downstairs area of my house flooded with groundwater. While the experience wasn’t fun, we were fortunate in that it wasn’t a budget disaster.
Many of our neighbors asked us how we were we able to handle the $2,300 in costs that came with damages associated with the flood.
The answer: our emergency fund.
Lauren writes to me, lamenting her difficulties with an emergency fund: I want to have an emergency fund, but every time I think about the amount of money
