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What is an Emergency Fund? Why Should You Have One?

What is an Emergency Fund? Why Should You Have One?

There are many personal finance gurus out there, and they offer wildly different advice in some areas. But there is one thing that almost all financial professionals recommend – an emergency fund.

What is an Emergency Fund? | Cowdery Tax & Business Solutions

What is an emergency fund?

Before we discuss what an emergency fund is, we need to define a financial emergency.

An emergency is an expense you could not anticipate. Holiday gift-giving is not an emergency, but a leaky roof after a storm is. Read more about What is an Emergency Fund? Why Should You Have One?