3 Reasons You Need an Emergency Fund

For years, I've written about the importance of having an emergency fund -- or money available to cover three to six months of living expenses. Unfortunately, in light of the coronavirus crisis, the need for an emergency fund is no longer a theoretical one for millions of Americans. 

If you still aren't convinced having money saved for emergencies is essential, here are three key reasons why you absolutely need to begin putting aside cash for surprise expenses or unexpected drops in income. 

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Source Fool.com