The basic rationale for adding resources to endowment rather than using them to achieve these immediate goals is simple: to save for a rainy day when revenue falls sharply. The principal motive for ...
How Big Should Your Rainy Day Fund Be? Determining how much to save for your rainy day fund depends on several factors. “The size of your fund can be influenced by factors such as your income ...
Example: The surgery was expensive, but luckily, I could pay for it with the money I’ve been saving for a rainy day. Meaning: used to warn someone to be careful of how much they spend because ...
You’ve probably heard many times that it’s wise to save for a rainy day — but why, exactly? After all, not everyone has a ton of extra money to put away. Can’t you simply use a credit card ...