Life Events

WHEN THE AXLE OF MY 2006 Honda broke in the middle of a North Philly thoroughfare in December and I needed $500 to fix it, I knew where to turn: my family’s “life reserve” fund.
Every year, there are articles about how most Americans have little or no emergency money. Whether the unexpected cost is a car bill or an unanticipated job layoff, it’s critical to save for expenses that aren’t accounted for in your normal budget.