Sentences with phrase «dip into their emergency fund in»

If your furniture is damaged in a flood, most renters in South End Columbus will have to either obtain a loan or dip into their emergency fund in order to refurnish the house.

Not exact matches

Yes, you'll need to take risks in business but if that involves dipping into your emergency fund, retirement, the kid's college fund or going into high - interest debt, take a step back and reconsider.

I got a flat on my way home from work and need to transfer $ 120 from my emergency fund to my checking account to cover the expense, not, I'm going shopping and, according to the balance on my checking account I have $ 5,000 to spend, even though in reality $ 2,500 of that is my emergency fund and I risk dipping into it.

In these situations, it makes sense to dip into your emergency fund to cover an underestimated known unknown.

But she also has to be determined not to dip into her long - term savings, so she has to set up a separate emergency fund to deal with those interruptions in income she experiences as a freelancer.

You can also put your emergency fund in an online checking account or a money market account, just make sure you gain some interest (it will not be a lot) on your money and it's not easy to access, so you can't dip into it when the shoes you've been stalking goes on sale.

Having this money in a different account will prevent you from dipping into that emergency fund if you're just a little short of your goal.

Having life insurance in place for your spouse in order to cover these expenses can be a much better alternative than dipping into your emergency fund or investments — or worse, putting these costs on credit, with a balance to pay off for many years.

It's okay to dip into an emergency fund to cover those basic needs you outlined in the last step.