This is the go-to fund when disaster strikes in the form of a job loss or death. Even if you have a life cover, the money takes time to come, but the ongoing costs don’t stop. I can’t stress the importance of this fund. It is the difference between slipping into disaster and staying afloat. You are doing OK if … you have six months’ to two years’ living costs in an emergency fund; you are a double-income family with no dependent parents and have three months’ living expenses; you are a single-income home with dependent parents and have a year’s living costs in an emergency fund; you are in
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