As I’ve said before, having an emergency fund is in my opinion one of the most fundamental things that one needs to do in one’s wealth-making journey. Read about them in here and here.
Again, what is my emergency fund for?
1. To cover those UNEXPECTED medical expenses. Maybe because of problems in insurance claims and etc.
2. To cover my monthly expenses in case I get laid off from work.
3. Really, to cover those UNEXPECTED expenses.
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