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

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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

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, 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.

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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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