At some point in your life you might find yourself in a situation where you need some cash quickly.
For example, you might have a doctor bill you need to pay. Or you might need to get your car repaired so you can get to work or you might have a rent bill or a tuition bill coming due.
If you don’t have any savings in an emergency fund, what would you do?
It is a situation that you hope you never find yourself in, but inevitably most of us do.
Click on the image below to read a great article that summarizes your choices, and the risk associated with each of those choices.
Pay attention to the left hand column that shows the progression from the “Lower Risk” to “Higher Risk” choices. A short Pop Quiz follows below the article.
This lesson is part of the PersonalFinanceLab curriculum library. Schools with a PersonalFinanceLab.com site license can get this lesson, plus our full library of 300 others, along with our budgeting game, stock game, and automatically-graded assessments for their classroom - complete with LMS integration and rostering support!Learn More