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Where to Go for Cash in a Pinch

Without an emergency fund, here are some avenues to pursue--and one that you should definitely avoid.

Christine Benz: Hi, I'm Christine Benz for Morningstar. The pandemic and its related economic effects have exposed, yet again, how many households are operating without any sort of financial cushion. Joining me to discuss where to turn for cash in a crunch is Michelle Singletary. She's a Washington Post columnist. And she's also the author of a new book called, What to Do With Your Money When Crisis Hits. Michelle, thank you so much for being here.

Michelle Singletary: I'm so happy to be here. Thank you for having me.