Define What Your Emergency Fund Is For To Avoid Spending It Carelessly - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 2 ideas

Define What Your Emergency Fund Is For To Avoid Spending It Carelessly

lifehacker.com

Having an emergency fund is commonly accepted (and good!) advice. When to spend it is addressed less often. 

To make it simple to decide when to use it, define what it's for first.

1

STASHED IN:

44

Define what your emergency fund is

Your first step is to figure out what counts as a true emergency. 

Not all emergencies can be predicted, but many can. Car repairs, medical expenses, higher-than-normal bills. Even having a list of things that you can and cannot spend an emergency fund on can help you stay on tr...

STASHED IN:

45

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP: