![A table from SYM Financial Advisors titled "Emergency Savings: The Good, The Bad, and The Ugly." It lists the benefits of emergency savings (green bag), average costs of emergencies (orange bag), and disadvantages of high-interest loans (red bag). Includes sources.](https://www.sym.com/wp-content/uploads/2022/02/SYM-Infographic-005-Q1-2022.png)
Keeping up with Emergency Savings, No Matter What
There are many good reasons why financial experts recommend building an emergency savings fund. Having a dependable reserve of money can allow anyone to handle unplanned expenses without relying on credit cards or loans. And for some, emergency savings can even make a difference between leaving a toxic job or relationship — or getting stuck in a bad situation for months, years, or even decades. In this post, we’ll talk about how emergency savings can