Somebody actually listened to me and set up an emergency fund – here’s what happened next

Rob Carrick shares a reader’s story about the benefits of having an emergency fund

I feel it’s my duty as a personal finance columnist to lecture readers now and then on the importance of having an emergency fund to cover unexpected expenses.

Expect to hear from me on emergency funds if the economy tips into recession and job losses mount. For now, I will rely on a reader of this newsletter to show the benefit of an emergency fund. Here’s what she told me recently:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Carrickmoneynewsletter Personal Finance Personal Finance Canada Savings Strategy High Interest Saving Rob Carrick Personal Finance Newsletter Rob Carrick Personal Finance Personal Finance Planning Personal Finance Advice Canada

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hey Pandas, What’s The Most Embarrassing Time You Confused Somebody With Somebody Else?Hi, pandas! Tell me about a time when you thought somebody was a friend, a family member, or even a celebrity… and you were utterly mortified when you went up to them or told someone else and realized you were wrong! This is kind of random lol but I was just wondering (I do this a...
Read more »

Rob Carrick’s ETF Buyer’s Guide 2024: The complete seriesHere are all of Rob Carrick’s top picks
Read more »

They tried for a flight using Aeroplan and ended up booking the trainRob Carrick seeks help for a reader who cannot redeem their Aeroplan points
Read more »

'Somebody's got to pay' for air travel: WestJet makes pitch to OttawaWestJet is asking the federal government to put measures in place to lower ticket costs for travellers, but questions remain on who would foot the bill.
Read more »

The hidden cost of 30-year mortgages, and why it’s OK to pay itRob Carrick says unless you have rich parents or a healthy six-figure income, the personal finances of home buying in many cities are messy
Read more »

Why I just cancelled Netflix after 13 yearsRob Carrick says churning is quickly becoming a new approach to streaming service subscriptions as a way to lower costs and maximize value
Read more »