An emergency can happen at any time. A special fund that you create for an unforeseen circumstance like an unexpected job loss or illness will see your family through it – all the while preventing unnecessary debt and the associated finance charges that could be very easy to accumulate.
How Much Is Enough?
The answer depends on [...]
Most of us save by taking the leftover money at the end of each month or end of each year and move it to a savings or investment account. If we are honest with ourselves, there’s not much left at the end for savings.
Instead, we should save by making it a fixed monthly expense, just [...]
