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Why You Need an Emergency Fund

Here are seven reasons why an emergency fund is necessary.

  • You can replace your income should you lose your job.
  • You can maintain your lifestyle in the event of a disability or illness.
  • You can pay for unforeseen emergency expenses.
  • You can stay out of debt.
  • You can take advantage of financial opportunities.
  • You can help others who are experiencing an emergency.
  • You can benefit from added peace of mind.
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