Saving Can Be a Financial Shock Absorber, So Set a Plan

A busted water heater. A burst appendix. A blown engine. A divorce. A layoff. More than half of U.S. households experienced some kind of financial shock — an unexpected expense or loss of income — in 2015, according to a new report by The Pew Charitable Trusts. The effect of these shocks can ripple through…

from NerdWallet
https://www.nerdwallet.com/blog/finance/saving-softens-financial-shock-but-you-need-strategy/

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