I'm Jeffrey Breault of Carey, Thomas, Hoover, and Breault. As a financial advisor, I can't stress enough how important it is to have an emergency fund. There are times when you invest that it's inconvenient to pull out your investment. With time deposits, you could forfeit any interest you had coming. With stocks, you might get caught when prices are low. Even if you're trying to sell a piece of property, the timing might just not be right. That's why, no matter how excited you are to make your money work for you, it's always a good idea to have emergency funds that you can draw from on a rainy day. I like to tell my clients to have different tiers of emergency funds. Tier 1 Always have at least two weeks of salary or $1,000 in cash (or in your savings or debit account). This will be quick cash that you can grab on the way to the hospital or evacuation center in case of an unforeseen event. If a pipe bursts at home or you forgot to pay the power bill,
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