Sentences with phrase «useful emergency money»

Not exact matches

While you should never use your retirement fund for optional purchases like a vacation or a new car, the money in your 401 (k) can be a useful safety net if you encounter a true emergency.

Because in times of financial crisis, when an emergency fund will be the most useful, chances are your stocks and bonds will have decreased in value and it can be detrimental to your long term finances to sell them and use the money.