Everything You Need to Know About Emergency Funds

When I was 19 years old, I had a financial emergency. I needed $1,000 fast because of a car accident. I had scratched someone’s car by accident and we decided not to go through insurance. She claimed her repair was going to cost $1,000 to fix the scratch.

At my age, I didn’t have that kind of money.

I didn’t even know I was supposed to have that kind of money saved up.

At that age, if I had known what an emergency fund is, I wouldn’t have stressed the way I did. Now, knowing what I know, I make…