Anyone who has been in serious need of money to
cover some emergency expenses knows that time is of the essence.
Not exact matches
Although your
emergency fund is not intended to
cover known unknowns, if one of those situations has spiraled into a bigger - than - expected
expense, that is something your
emergency fund would be able to
cover.
You
know that you need an
emergency fund set aside to
cover your
expenses in the event that something goes wrong.
So, yes, the savings you devote to such annuities are
no longer available to
cover any
emergencies or pay extra
expenses that may pop up.
Building an
emergency fund that
covers three - to - six months of
expenses is essential —
no matter what your situation is.
If there's an
emergency or unexpected
expense, like a car or home repair, you
know you will have the funds to
cover it.
Stay
covered no matter where you are - As long as you put your trip's
expenses on your card, the included travel insurance will provide protection against accidental injury and death during transit, trip interruption,
emergency medical
expenses for up to eight days, and rental car coverage.