Emergency funds
Having some extra cash is helpful when the world falls apart. But emergency funds, while great in theory, are very difficult to put into practice. That is why so few people get around to saving one - most people have more urgent financial demands.
However, one should learn how to multitask with your money, moving between short- and long-term priorities.
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"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
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