Tips for Saving Money for Emergencies
Do you have an emergency fund built up and stashed away, ready to access if you need it? If not, it’s highly recommended that you start building one. An emergency fund is money set aside for large, unexpected purchases or expenses. These are typically held in savings accounts due to how easy and fast it is to withdraw cash. Emergency funds are often used for situations such as a job loss, major car repair, medical expenses, natural disasters, and home repairs or necessary appliance replacements. If you don’t yet have this extra cash off to the side, learn how to build an emergency fund at the Broadway Credit blog!
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