Tag: financial buffer
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How to Create and Build a Financial Emergency Fund
Posted On: August 4, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
Saving for a rainy day is a common theme this year, as many people have experienced Coronavirus-related financial strains. An emergency fund is a financial buffer that will keep you afloat in a time of unexpected expenses or a halt in your income. The main purpose of an emergency income is to help people avoid overusing credit cards or taking out additional loans–usually at high interest rates. Some of these unexpected expenses might include: Medical expenses Appliance repair...
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