as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how does the importance of a cash emergency fund change when you live in a country with nationalized healthcare?
user
unanticipated unemployment is usually the triggering factor for drawing on an emergency fund. ask yourself: what happens if i lose my job tomorrow? or my spouse becomes unemployed? what happens if i become disabled and can't work for x amount of time? sure, you can discount your chances of needing such a fund if you have free health care. but having health insurance doesn't change the fact that an emergency fund is a good idea. there are many ways to go broke!
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