Financial Security 101: The Emergency Fund
You’ve probably heard it before: the very first aspect of financial security is having an adequate emergency fund.
Having proper cash reserves can solve a multitude of life’s expected problems, whether your transmission blew up while leaving for your family’s cross-country road trip or your job got the axe in the latest round of layoffs. But how much should you keep in reserve for emergencies? And where’s the best place to put that money in the meantime?