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Thinking in Layers 🍰: Emergency Funds FTW

No matter how much we try to plan for the future, life is always guaranteed to throw some curveballs our way. Many of these curveballs can cause us to need to come up with money rapidly. This is why having cash available with little notice is so absolutely vital. I previously discussed reasons why an emergency fund is so important. This article is about how I think about funding any potential emergencies that come my way.

💵 Cash is King 👑: Why I Like (and Potentially Hoard) Cash

At some level, I think everyone knows how important having cash on hand is. It helps pay the bills. Your mortgage. A bite out to eat. A new pair of pants. Obviously, you can use credit cards to pay for all of these expenses, but without the cash to pay your credit card bills off in full at statement close, you’ll end up trading in your burgers and jeans for debt (or to think of it another way, those fifty dollar jeans might end up costing a whole lot more than fifty bucks).