Property Loss, Home Repair, Unemployment

These three categories are best addressed by the establishment and funding of an emergency fund.

A rule of thumb here is 3-6 months of living expenses.

Factors affecting the amount would be

• The age of home and vehicles

• Deductible and co-pays for all insurance plans

• Nature and stability of the work that you do

• Honest assessment of your health

The money accumulated here should be in savings/investment products such as:

• Savings/money market accounts

• Short term bond funds

• Certificates of Deposit

• Corporate bonds

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