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When Should You Use Your Emergency Fund?

Money Guy Show

00:00

Introduction

When is it ok to tap that money? Would a down payment on a home be an acceptable reason? I see folks that build up their emergy fund and they use it for everything there's eer. It doesn't need to be part of your clearing account. That's on a monthly prot basis. And i want you, if you have to touch those emergency reserves, you're sitting there. Soi we've tried to create flexibility and rules. We know if you're not buying luxury cards, but you just need reliable transportation, we'll let you go. Do financing. Don't finance for more than three years.

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