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 Corporate Finance Institute 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.
When Should I Use My Emergency Fund?
What questions would you like to see me answer? Leave me a comment and let me know!
Author Profile
- John Davis is a nationally recognized expert on credit reporting, credit scoring, and identity theft. He has written four books about his expertise in the field and has been featured extensively in numerous media outlets such as The Wall Street Journal, The Washington Post, CNN, CBS News, CNBC, Fox Business, and many more. With over 20 years of experience helping consumers understand their credit and identity protection rights, John is passionate about empowering people to take control of their finances. He works with financial institutions to develop consumer-friendly policies that promote financial literacy and responsible borrowing habits.
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