I have harped on this so many times – we all NEED this!

Everyone needs an emergency fund.

Financial experts have stressed the importance of emergency funds for some time. Why? Because a financial emergency is not a matter of “if” but “when.” Having an adequate emergency fund can get you through times when income is low or nonexistent. Those who had money set aside for an emergency are better able to weather this current storm. How much should you save? I recommend three to six months’ worth of living expenses, depending on how many are reliant on your income. A financial emergency will happen, and we must be prepared.
If what we have been going through this year does not make you believe you need an emergency fund, then I don’t know what will.

disclosures:http://www.hechteffect.net/?page_id=31

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