The Importance of an Emergency Fund I believe in the saying that we should always plan for the worst and hope for the best, and when you relate this to your finances it means having an emergency fund. An emergency fund is exactly what it says on the tin, it’s a source of funds where… Continue reading The Importance of an Emergency Fund
Tag: Emergency Fund
My Stealth Emergency Fund?
Do I have a Stealth Emergency Fund? I used to believe that I didn’t have an emergency fund, and I’ve commented on other blog sites stating that I didn’t have one too. But really I do, but most people would not consider it a traditional emergency fund. I estimate that I have over $15,000 that… Continue reading My Stealth Emergency Fund?
Roth IRA Emergency Fund
I don’t have a traditional emergency fund, so I decided once my mortgage is paid off, I’m going to use part of my previous mortgage payment savings to fund into my Roth IRA as an emergency fund. My Roth IRA previously was used just for active trading in a few high beta stocks. This… Continue reading Roth IRA Emergency Fund