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RE: IMPORTANCE OF SAVING FOR EMERGENCY

in Project HOPE4 years ago

One problem that many people have is that they feel that their emergency fund should be invested somewhere to earn money. When an emergency comes up, they don't liquidate, choosing to use a credit card instead. It is important to have liquid cash available for unexpected expenses and for emergencies.

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It is important to have a liquid cash but for the purpose of interest,investing is also a preferable way of keeping an emergency fund