There’s a reason why many personal finance experts recommend having an emergency fund. Life happens, and unexpected expenses like car repairs, health emergencies or losing your job can pop up at any time. An emergency fund can help you take care of said expensess without falling into debt or dipping into your retirement savings. According to Bankrate, 25% of Americans report that they would use a credit card to cover an emergency expense of $1,000 or more [1]. And while using a credit card might solve an ...