All too often, we put a huge emphasis on “saving”. This is particularly true in the PF blogosphere.
I have heard a lot of names for the Emergency fund: Back-up fund, F-U fund, Opportunity fund, Rainy-Day fund…whatever you want to call it, it is just semantics.
There are many financial rules we hear over and over again, and that we blindly follow. But before following any rule, we need to see if it is actually adapted to our own situation.
If you are battling with a huge debt load, chances are you probably don’t have any savings to your name. … More