Emergency Plans

What You Need to Know About Emergency Funds to Make Sure You're Ready for Anything

Be prepared when life throws you a curveball.
VIP Contributor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Life is unpredictable, which is why it's risky to try to live paycheck to paycheck. If you can, it's best to set aside money for an emergency fund in addition to your other investments. That way, you can be ready when something unexpected and unwelcome comes your way.

In this video, Entrepreneur Network partner Phil Town quickly breaks down what you need to do to make sure you have an emergency fund that actually works for you. He explains what you'll need to make sure you can afford, how long your emergency fund should be able to sustain you and more tips that can help you develop a plan for emergency funds that works best for you.

Click play to learn more.

Related: The 10 Commandments of Investing, From Billionaires Like Warren Buffett

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