Preparing for financial emergencies
Author: Ontario Securities Commission
Topic: Best practices
Publisher: Ontario Securities Commission
Location: Canada
Format: Article
Content Type: Research
Publication Date: November 27, 2019

Some emergencies in life can affect you financially. You could get sick, lose your job, or have a costly repair to your car or home. One of the best ways to cope with unexpected financial changes is to have an emergency fund. Ideally, this fund would provide enough money to cover your essential living expenses so you can avoid taking on debt.

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