An emergency fund is a larger version of your rainy day fund. It’s there to cover larger, longer term unexpected expenses like the loss of a job, or unexpected medical…
Category: Glossary
A rainy day fund’s job is to protect you against small financial inconveniences by ensuring you have the cash to deal with them without having to borrow money. Using a…
A balance sheet is a snapshot (at a single point in time) of your financial situation. It lists the current values of all of your assets (cash, car, home, investments,…
