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An HIV positive status will not automatically exclude people from medical cover within travel or wedding insurance, while the wedding cover includes legal expenses in case of discriminatory treatment by service providers.
The general rule of thumb is a minimum of three months of your household expenses, although many people feel much more comfortable being able to cover 6 to 12 months of expenses in case of an emergency.
Financial advisors typically recommend people set aside three to six months' worth of expenses in case of unexpected hardships.
And more than half of Americans would not be able to pay for at least three months' expenses in case of an emergency.
And nearly half of Americans don't have enough savings to cover three months worth of expenses in case of an emergency, according to a recent report from the Corporation for Enterprise Development.
Build an emergency fund in an easily accessible account, ideally with enough cash to cover three to six months' of essential expenses in case of a job loss or illness.
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Because stock and mutual fund purchases can drop in value, particularly in the short-term, you should never invest money you might need for short-term living expenses or in case of an emergency.
These should include an independent audit of expenses and the forced repayment of wrongly claimed expenses; and in cases of fraudulent claims, the police should be called in.
I have always tried to keep on hand enough cash to cover at least two years of expenses in case the public stops being interested in my work, while plowing the rest into low-cost index funds.
There's no penalty for issuing a check to the account owner or the student as long as the funds are used for qualified expenses, though you'll need solid documentation of these expenses in case the IRS inquires.
The number should fit your needs, but it is advisable to have money in savings equal to four to seven months of everyday expenses in case there's a short-term job loss or an emergency repair.
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