Tag Archives: when to use emergency fund

Emergency Fund: Everything You Need to Know About It

Emergency Fund: Everything You Need to Know About It

As I shared with you on Friday, I recently got a new job. While it is definitely a good thing that I accepted this new position, it did come with its own challenges. Getting a new job is usually a sign of financial relief, but my situation was quite different. As many of you know, I currently commute to work via train (even through the coldest of weather). Since this new position is not on the train line, I was forced to buy a new car. Well, used car, but new to us. I don’t know about you, but my wife and I don’t make this much more than our regular expenses. This meant I had to turn to our decently-sized emergency fund. Continue Reading