#3 – Savings Resource

Any solid financial plan resets on a foundation of liquid assets, such as cash and the money in your checking account. Your checking account may handle your everyday expenses, but there are good reasons to have extra money in a savings account. The absence of emergency savings fund can lead to a severe financial setback. It’s inevitable that unforeseen expenses are going to come out of the blue. So, what happens if you’re unable to pay for these expenses?

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