If you don’t, bookmark this article, start saving, and come back just as soon as you’ve got that emergency fund squared away.
In polite terms, poop happens. Layoffs, natural disasters, sicknesses — let us count the ways in which your life can be turned upside down. Any financial advisor will tell you that in order to avoid total ruin you should have between six months and a year of total living expenses in cash, or in a savings account should the unthinkable happen. If you don’t, bookmark this article, start saving, and come back just as soon as you’ve got that emergency fund squared away.