USE THE MONEY WHEN YOU NEED IT Don’t be afraid to use your emergency fund when you need it. Knowing the difference between unplanned and irregular expenses can help you decide when to tap it. If the alternative is maxing out your credit cards or taking a high-interest loan, it’s cheaper over the long term to use your cash, then immediately start rebuilding the fund.
The article Don’t Freak Out About an Emergency Fund — Just Start One originally appeared on NerdWallet.
AMRITA JAYAKUMAR is a writer at NerdWallet. Amrita writes about credit scores and credit reports for NerdWallet. She previously worked at The Washington Post and The Miami Herald .
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