4 Key Benefits of Using Bank-Backed Emergency Funds

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Emergency fund in the glass jar with cash.

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But this isnt exactly the smartest move, according to experts.

Read below for more of thebenefits of using bank-backed emergency funds.

Justin Godur, finance advisor, CEO and founder ofCapital Max, agreed.

This approach transforms your emergency fund from adormant safety netinto an active part of your financial strategy.

This is the kind of smart, strategic move that separates those who simply survive from those who thrive.

These deposits are insured up to $250,000 per account by the FDIC, Salahi said.

A discipline, he said, thats crucial forlong-term financial success.

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