Found the following article worth a read & liked the writers honesty. How many people would honestly have the cash (not credit or redraw) to pay for a $400 emergency right now? Or a $2000 one? I know this is based on US stats but I wonder what the Aussie stats would be?
I know we personally don’t have the savings for a $400 emergency at the moment. We really need to build back up our emergency fund.