💰 6 Emergency Fund Mistakes to Avoid After 50 (AARP Article)

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FROM THE ARTICLE - SEE ARTICLE FOR MPRE!!!

Make sure you’re fully prepared for a rainy day.

By Daniel Bortz, AARP. Published October 03, 2024.

Some financial mistakes are easy to fix, like discovering that you’ve been spending money on a streaming service that you no longer use — usually all it takes is a few clicks of a button to cancel a subscription. Being unprepared for a costly emergency, on the other hand, can wreak havoc on your finances, especially if you’re nearing retirement or are retired and living on a fixed income. 

From a busted car engine to an unexpected medical bill, many emergencies are outside your control. What you can control is setting up a dedicated emergency fund to cover surprise out-of-pocket expenses before they arise.

https://www.aarp.org/money/budgeting-saving/info-2024/emergency-fund-mistakes-to-avoid.html