We hear planners telling us all of the time to save 3-6 months of expenses in an emergency fund (and sometimes even more than six months of expenses). However, nobody really tells us when we can feel justified in tapping into those reserves. Today’s episode of the Hull Financial Planning Personal Finance FAQ Series deals with that issue. You can also find another example of when to use your emergency fund when I answer a reader question about whether to use her emergency fund after leaving a job.
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What questions would you like to see me answer? Leave me a comment and let me know!