Why you need an Emergency Fund...
From $70K to food bank, one family's struggle - CNN.com
According to the story, just weeks after losing her job, despite collecting unemployement and having her mother move in to help with the bills, she was applying for food stamps and going to the food bank. She used her tax refund to help pay bills for the first two months. What does that say? I'd say it means she had little to no emergency fund.
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Steve
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
* The world is a book and those who don't travel read only one page.
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