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A LITTLE SOMETHING WORTH KNOWING

A small discovery. Yours to pass on.

Everyday LifeOne small ahaFinancial concept

This pool of accessible savings is set aside for unplanned essential expenses or interruptions to income.

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Everyday LifeOne small aha
Your new ahaEmergency fund

An emergency fund is intended for financial shocks rather than ordinary planned spending. Source: Emergency fund ↗

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More from Money Sense

A few more worth knowing.

  1. 14This term names the portion of a covered insurance loss that the policyholder bears under the contract before the insurer's applicable payment.RECALL
    Insurance deductibleOpen this card ↗
  2. 15These securities give an investor part ownership of a company, rather than making them a creditor.RECALL
  3. 16These debt securities let investors lend to an issuer under terms covering interest and repayment.RECALL