The current bull market’s longevity has people worried. It all has to end some time, and some economists are predicting a recession by the end of 2020. Assuming that holds true, that gives you around two years to get your finances in order. What should you be prioritising?
Tagged With emergency fund
It's a good idea to have some kind of financial buffer to help keep you in the black. The problem is, not everyone can afford it. If you're struggling to set aside money for things like an emergency fund, start small with a change jar.
Money experts don't agree on the particulars of emergency funds, but just about everyone agrees you should save for emergencies. Nobel Prize winner and "father of modern portfolio theory" Harry Markowitz offers his rule of thumb for setting aside cash for emergencies.