Megan Rindskopf quoted in Kiplinger
What to Do in Case of Financial Emergency
Sooner or later, you’re bound to get hit with an unexpected and eye-popping cost. Maybe a hospital stay will slam you with thousands of dollars in out-of-pocket charges, expensive car repairs will take you for a ride or Uncle Sam will send you a hefty tax bill. Ideally, you’ve stashed at least six months’ worth of living expenses in a savings account to help in situations like these (or in case a job loss stunts your income for a while). But especially for young people who haven’t had much time to save, sometimes the cash isn’t there.
If you hav
e yet to build up an emergency fund, consider these options to help cover any big, unexpected costs.