Posts tagged opportunity fund
3 simple steps to an opportunity fund

Maintaining an emergency fund of a few thousand dollars for true emergencies is great because it satisfies basic physiological and safety needs.  But once you’re mentally able to move up the hierarchy of needs to psychological needs and self-actualization, you’re ready to build an opportunity fund.  Saving for the future will seem far more enjoyable. 

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2 reasons we used our opportunity fund last year

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.

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