9 Reasons You Need an Emergency Fund

You could be hit by any of these unexpected expenses, so make sure you have the money to pay for them.

Surely you’ve heard it before: You need an emergency fund.

The question is whether you’ve acted on that advice. About one-third of Americans haven’t and, as a result, don’t have sufficient savings to pay for unexpected expenses, according to a recent survey by the Consumer Federation of America and American Savings Education Council.

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Cameron Huddleston
Former Online Editor, Kiplinger.com

Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.

Cameron Huddleston wrote the daily "Kip Tips" column for Kiplinger.com. She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.