One of the linchpins of a sound financial plan is exquisitely boring: an emergency fund. Holding liquid reserves can serve as a defense against unexpected job loss, as well as unanticipated expenses like car and home repairs and medical and vet bills. But what if those unanticipated expenses exceed your earmarked emergency reserves? Although individuals’ own circumstances will affect the attractiveness of these sources of financing, I’ve ranked them from the ones that are generally the most palatable (fewest strictures and costs, least disruption to long-term plan) to the least attractive (highest costs, most onerous taxation). Click below for the list.
https://www.morningstar.com/personal-finance/10-sources-emergency-cash-ranked-best-worst