SAVE
Why saving for a
rainy day is just as important as an emergency fund BY AMANDA SPURGEON Imagine your boss pulls you aside after you’re done reading this article and tells you you’re being let go. Would you be prepared to live off your savings for another month if you lost your job today? If you said no, you’re not alone. In fact, the 2016 Federal Reserve Board Report shows that nearly half of all Americans say they couldn’t cover a $400 emergency expense without selling something or borrowing the money.
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