
Do you have an emergency fund?
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One thing the current pandemic has highlighted is that life doesn’t always go according to plan – and this often means we have to shell out money when we are least prepared for it. These unexpected expenses can have a significant and lasting impact on our long-term financial health. By building emergency reserves we can make sure that we are able to respond to life’s crises without compromising our financial standing or taking on expensive debt. Noluyolo Betela, client relationship manager at Allan Gray, joins KayaBizz to discuss the ins and outs of putting an emergency fund in place.