Emergency savings memo and stack of money.

3 Risks of Keeping Your Emergency Fund in Your Checking Account

An emergency fund is an important step in securing your financial stability. Without an emergency fund, you run the risk of falling into debt for any expense that may not be in your budget, from a hospital bill to a car repair to a family emergency. But where you keep your emergency fund is almost as important as having one in the first place. If your first thought is that you should keep your emergency fund in your checking account, you may want to think twice, for the following reasons. See: Here’s How Much Americans Have in Their Savings Accounts…

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