Hi Andi, I appreciate the level of detail on your response!

I’d say it’s aimed at the general public and not a specific income. Most people are sadly living paycheck to Paycheck. The point of me speaking about the emergency fund in this regard is that it builds a safety net that will minimize the odds of them falling back into debt if unexpected costs come up.

I view an emergency fund as the first step in any financial plan, so I’ll almost always recommend putting an emergency fund in place before any other financial goal. Just my thoughts on financial priorities. People are of course very welcome to ignore that or disagree


Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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