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Prepare for the Unexpected with an Emergency Fund

How should you prepare for an unexpected hospital visit, a giant repair bill, or a bout of unemployment? The answer is NOT a shoebox full of cash under the bed (after all, what happens if an earthquake swallows up your bedroom?). During his regular appearance on the WBBM (radio) Noon Business Hour, our Marc Horner said that 3-6 months of living expenses in an easily accessible & reliable account might suffice. He also noted other methods of covering the gap. Listen:

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