Child putting coins in a piggy bank.

How to build an emergency savings fund with tips from professionals

An ASU finance expert discusses how emergency funds affect financial stability.

In this story published Jan. 31, 2024, on mindbodygreen:

No matter how well a person budgets and plans, unforeseen expenses arise. It could be a broken arm, a car repair, or a lost job. Without an emergency fund, individuals struggle to cover these costs and often rely on expensive sources like credit cards or payday loans.

Debra Radway, associate professor of finance

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