Unless you’ve just landed from Mars, chances are you’re familiar with the concept of the Emergency Fund (EF). Every financial guru I’m aware of preaches the need for an emergency fund. I do not have an Emergency Fund. Now, don’t get me wrong, I’m all about having money to cover emergencies. The problem is that the concept of an Emergency Fund is overused and the purpose and scope of the EF is too generalized and nebulous (unclear, vague, or ill-defined). In … [Read more...] about Why I Don’t Have an “Emergency Fund”
