After you set up your plan and put your game plan in motion, it’s critical to make sure you have or develop an EMERGENCY FUND. And to help protect your emergency fund let’s take a look at some myths to avoid so they don’t negatively impact the money you set aside for a rainy day.
Avoid These Emergency Fund Myths
- I should invest my emergency fund for growth
- My home equity loan is my emergency fund
- I have too much debt to start an emergency fund
- I don’t need an emergency fund when I reach 59½
Watch the full episode, The Power of Financial Planning