Why You Need an Emergency Fund
Off-peak seasons can be financially stressful. An emergency fund can act as a financial cushion to tide you over.
How Much Should be in an Emergency Fund?
A good rule of thumb is to save at least three to six months’ worth of operating expenses.
Strategies to Build an Emergency Fund
Consider setting aside a percentage of your profits during peak seasons to fund your emergency account.
Key Takeaway: The Importance of Financial Cushioning
A well-funded emergency account can be the difference between staying on the road and shutting down operations during tough times.