Most people agree that having a well-established emergency fund is the cornerstone of any good financial plan. There’s a lot more to an emergency fund than just 3–6 months of expenses. How does one properly define “expenses” anyway?
I put together a checklist of some ideas to consider when creating and maintaining an emergency fund. Once you’ve reviewed the checklist, let me know if you would like to connect to discuss how this should be incorporated into your financial plan.