Quote (coolmoney18 @ Apr 14 2015 08:04pm)
Hmmmm I guess an "emergency fund" is 2 fold in a way.....
Just having x amount of cash in the bank or under the mattress is one thing , but if things get really bad for someone, I'm sure they would go to amazing links to solve the problem and survive.
Whether its liquidating all the stuff the own, or taking out an insane credit loan somewhere or on their credit cards etc....
I guess "emergency fund" is to open to an extent, it more depends on how big a "emergency" someone is having in their life...
My fault on bad clarification ....
Emergency fund typically refers to the money you have saved for an emergency. Any circumstance which demands a fair amount of money in a short amount of time.
There's no clarification needed.
This post was edited by IceMage on Apr 14 2015 07:10pm