Budgets & Money Management

Emergency or Savings – Where’s Your Money Going?

If you’ve paid off debt – or even if you haven’t, but are working towards it – then many financial planners recommend that you also keep both a savings account and some kind of emergency fund. But what happens if your car needs a sudden, expensive repair, and you have to have your car to be able to get to your job? Where should you pay this bill from – your savings account or your emergency funds? (more…)