What Is an Emergency Fund And Why Does My Family Need One? - Part -1

What Is an Emergency Fund And Why Does My Family Need One?

The Short Answer: An emergency fund is an amount of money set aside that can be quickly and easily accessed when one of life’s curveballs comes your way.

The Longer Answer: It is only a matter of time before one of life’s unexpected expenses arises.  First, let’s be clear on what constitutes an emergency.  While it may feel like an emergency when the TV blanks out on Super Bowl Sunday, this does not constitute a financial emergency.  An emergency is an event that threatens your well being, not your comforts.