• When Savings Fall Short: Reviewing Loans and Other Emergency Options

    When Savings Fall Short: Reviewing Loans and Other Emergency Options
    Picture CreditAn unexpected expense can exceed the money someone has set aside. A household might have $900 in savings but face a necessary repair costing $1,600. The remaining $700 must come from somewhere, and deciding how to cover it can be difficult when payment is due soon. Even households that regularly save money may find themselves in this position when several expenses arise close together.Personal loans are one possibility, but payment arrangements, financial assistance, and other borr

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