The three bits of advice when I first started working were:
- Live within your means
- If your company has a 401K, maximize it
- Work towards having an “Emergency Fund” of at least 6 months to pay rent, utilities, food etc just in case the worst happens.
I, and many of you may have done so but what about the corporations in America. Two weeks in to a Coronavirus Quarantine and many larger companies have their hand outs to the government saying that the work stoppage may bankrupt them. Where is their emergency fund?
You make a very good point!
Thx Deb