Mellody Hobson covers the importance having an emergency fund. Mellody: It may seem like it is simply common sense to save up some money for a rainy…

Every finance guru in America has preached that having an emergency fund is the most basic and fundamental part of having a sound financial plan. Suze Orman has told us that, “Emergency cash is a necessity, not a luxury,” while even Michelle Singletary has asserted that you need at least three to six months of […]