The virtue of an emergency fund is that it can lower stress. Yes, it was stressful for me when I was working and my company decided to downsize. However, I noted that it was far less stressful that what others were going through.
I went through several of these downsizings. Also I had an employer bought out and an employer go bankrupt. The reason for my less stress was that I had an emergency fund. I never needed to use my emergency fund. Could I have also survived the downsizings because I was less stressed out about them?
On my other blog I am today writing about Newfoundland Capital Corp (TSX-NCC.A)... continue...
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