On Monday, the U.S. markets dropped roughly 1% of their value, and Europe and Asia were down by similar amounts the following day. The market (the S&P 500) then fell 2.1% on Friday in a sickening lurch.
An emergency fund acts as a safety net, protecting you and your family from unforeseen circumstances where you need cash immediately. Life can be full of unexpected obstacles; having cash at hand will help you by providing you with more options and preventing you from taking on debt at the worst time possible. The most common needs for emergency funds are job loss, unexpected
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