The Importance of a “Rainy Day Fund”

If there is one thing the COVID-19 pandemic showed, it’s the importance of having a “rainy day fund.” Life is unpredictable, and having some extra cash on hand to help tide you over is not only responsible, but can be a big stress reliever. While comfort levels will vary from person to person, financial advisors typically recommend having a few months of cash on hand to help you cover living expenses or medical emergencies that may arise.