Why aren't we talking more about having insurance? an emergency fund is great, something you shouldn't be without but it can't replace having decent insurance. Wouldn't you rather have your insurance to tide you over the emergency and keep your nest egg than have to use up your hard earned savings. You should insure against sickness disability, redundancy etc. When I was made redundant I was so thankful to have had the insurance in place - it allowed me to continue a study course full time (previously I had been doing it part time) and I got a better job as a result, my mortgage was paid in the mean time and I kept most of the savings I had.
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