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by runako
5463 days ago
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s/medical emergency/sudden unplanned expenditure/ to not miss the larger point. An unplanned expenditure could very well be a medical emergency, but there are many other reasons someone might need more cash suddenly. Car wrecks, legal fees, etc. With only $25k in the bank, even making a sudden trip to a close family member's funeral can eat up a meaningful percentage of total savings. |
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