One of the most important resources in your financial life is a well-stocked emergency fund, an account to tap when an unexpected event derails your financial plans. "The purpose of this money is that it’s like an insurance policy," says Jamie Ebersole, a certified financial planner in Wellesley Hills, Massachusetts. "You might not see a lot of return from it, but you're happy (it's there) when you need it."
There's nothing pleasant about a worldwide pandemic that's forcing millions of people to perform social distancing by staying away from other people. However, if you're looking for a silver lining — because we could all use a little silver lining right now — it might be the extra time we now have to get things done at home.
The market’s negative response to health crises is nothing new. How will coronavirus impact the market and your personal finances?
After losing a loved one, finances are the last thing you're worried about. However, taking care of their financial accounts and administrative tasks can keep their assets in good order.
The transition from college to adulthood is often centered around establishing financial stability. Consider using this advice to start making sound money decisions that will set you up for long-term future success.