4 times it's OK to dip into your emergency fund - Business Insider

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If the coronavirus outbreak has left you with unexpected expenses or income loss, your emergency fund is your first line of defense

, many people with an emergency fund might find themselves dipping into it for the first time.

If you or your partner has lost a job or income due to coronavirus, now is an appropriate time to use your emergency fund to cover your living expenses: your rent or mortgage payments, bills, and groceries. Medical coverage is one of the most expensive parts of the coronavirus, and while, other medical care, like a resulting hospital stay or other necessary tests, won't be.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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goose egg

What emergency fund? In this state you are lucky to have a fund at all!!

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