It’s valuable for each family to have a cash emergency fund that can be tapped for true emergencies – like a car breaking down or furnace repair in winter – but this needn’t be more than a few thousand dollars. Once you’ve comfortably saved for an unforeseen, short-term emergency, then you can turn your attention to bigger goals.
Read MoreBelow are five key questions to consider before quitting your job. For illustrative purposes, we’ll assume that you are a married parent and part of a dual-earning household.
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