An emergency fund is an important part of a healthy family budget, and it should always be established as soon as possible. Having a healthy emergency fund could mean the difference between surviving a financial crisis intact or winding up in serious financial difficulty. It is the law of averages that at some point in your life, you will be faced with a serious financial crisis. This could take the form of a job loss, a medical emergency, or a large and unexpected repair that is needed on your home. How much money should be in an emergency fund? First … Continue reading →