Right now, many people are experiencing tremendous income insecurity since the novel coronavirus (COVID-19) was declared a worldwide pandemic in March 2020.
Prepare for the unexpected with emergency savings: here's all you need to know
Whether it's extreme weather like the Texas Storm or a global pandemic, emergency savings can be a godsend.

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The Texas Storm left many people with massive electric bills.
President Biden declared a major federal disaster in Texas and ordered FEMA to supplement state and local recovery efforts in the areas affected by severe winter storms.
Having an emergency fund can offer you financial protection when things don’t go according to plan. But how much money is enough to really pad your savings?
The spread of COVID-19 across the world has sent markets on a roller coaster ride.
If you’re looking to save money, these are the 50 worst ways to do it — so think twice before trying any of these methods.
PNC Bank offers a high-yield savings account that is currently paying 0.50% annual percentage yield. This is a higher rate than the bank offers for its money market or CD accounts.