Why Emergency Funds Are a Game Changer and How to Calculate Them
Some of the most shameful or stress-inducing events in life are being fired from your job, losing your income, or not having enough money to pay your bills. Worrying about money is the number one cause of stress globally for men and women. And knowing that, is it any wonder arguments over money is the number one cause of divorce worldwide?
We fear not having enough money or losing our jobs. Our money values and mindsets can feed these fears. And they are so deeply personal. And often so deeply embedded in us and our way of thinking and being, that we are not even aware of them.
Yet job losses, salary reductions, redundancy, divorce, surprise costs, inflation etc are a common part of living in today's world. At least some of those stressful events will happen to us at some point in our lives.
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Why Emergency Funds Are a Game Changer and How To Calculate Them