How to Prepare for a Major Financial Emergency

This article was originally published at relevantmagazine.com.

Major emergencies, like losing a job, are rare. They occur on a much less regular basis than minor emergencies. But when they do hit, their punch can be devastating. Losing a job can take a significant emotional and financial toll. For some, losing a job means selling a house, finding a new school for the kids and, of course, finding a new job. Losing a job is stressful and exhausting.

And if you aren’t prepared, you can quickly find yourself with an empty bank account.