What Is An Emergency Fund And How To Build One?

Sun, 04 Oct 2020 05:27:58 +0000

We read and hear news of people getting laid off, someone getting a huge medical bill, someone spending lacs on getting their car repaired because the damage was not covered under insurance. And yet, we refuse to accept that we may end up in a similar situation someday. Psychologists call this *optimism bias* - that enduring, it-won't-happen-to-me belief, no matter what the odds are.