- Category: Finance
- Published: Wednesday, 02 March 2016 16:29
- Written by SMT
- Hits: 3497
Do you have an emergency fund already built? Are you still trying to do so and find it difficult? Either way, it is understandable the discipline it takes to create an emergency fund. If you have done so, all the more power to you. If you haven’t done so, it is not too late, but you must understand the significance and importance of doing so. When you do, this will give you the push to start sooner rather than later. When you run a household or even if you are single, you need to have a financial buffer that will tide you over for up to six months when you have an emergency such as losing a job or a medical illness. The six months worth of finances will help to pay for your living expenses while you get well or try to look for a new job.