It’s always a good idea to save some cash for a “rainy day.” An Edward Jones financial advisor can help make sure your savings support your overall financial strategy. After all, you’ve worked hard to keep your financial strategy on track, right? An unexpected expense could easily derail that strategy.
One way to prepare financially for things like these is by creating an emergency fund. We know that putting money away to prepare for the unexpected can be hard, especially if you don't know how much you'll need – after all, they call these unexpected expenses for a reason.
What is an emergency fund?
An emergency fund is a savings account used pay for large, unexpected expenses. Should an emergency happen, you’ll be able to use money to cover your losses.
An emergency fund can help you save and prepare for: