Are Emergency Funds For The Weak Minded?
Emergency funds allow you to take on many risks, avoid debt, and avoid selling low. But don't be dogmatic about them--the opportunity cost is real, especially for those who are not rich yet.
Emergency funds allow you to take on many risks, avoid debt, and avoid selling low. But don't be dogmatic about them--the opportunity cost is real, especially for those who are not rich yet.
WCI received sudden notice that he's out of work as of today. What will he do? How will he eat? How will he keep the wolves from the door?
Cash flow management may be a first world problem, and it isn't nearly as important as budgeting and investing wisely, but ignoring it can give you some pretty large headaches.
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