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rainy-day-fund/src/components/WhatIsARainyDayFund.js
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//src/components/WhatIsARainyDayFund | |
import React, { Component } from 'react'; | |
import { Link } from 'react-router' | |
import { Button } from 'react-bootstrap'; | |
const WhatIsARainyDayFund = () => { | |
return ( | |
<div id="WhatIsARainyDayFund"> | |
<h1>What is a Rainy Day Fund?</h1> | |
<h3> | |
A rainy day fund, a.k.a. an <a href="http://www.investopedia.com/terms/e/emergency_fund.asp" target="_blank"> | |
emergency fund</a> is a savings account established for one purpose - | |
to weather a financial disaster, e.g. the loss of your job, | |
unexpected medical expenses, a much-needed car repair, etc. | |
</h3> | |
<h3> | |
If you are | |
<a href="https://www.creditdonkey.com/average-american-savings-statistics.html" target="_blank" > | |
like many Americans</a>, you are not financially prepared for tough times. | |
Without the cushion of an emergency fund, you increase the likelihood of abusing | |
credit cards, missing important payments, prematurely tapping retirement accounts and | |
eventual bankruptcy. | |
</h3> | |
<h3> | |
Financial planners often recommend having an emergency fund that can cover | |
3-6 months of expenses. This can seem like quite a lot, a near impossible goal | |
- but knowing the basics of an emergency and what it takes | |
to fund one is a solid first step toward better personal finance | |
and peace of mind. | |
</h3> | |
<h3> | |
This app has 3 steps.<br/><br/> | |
1. Assumptions - Just basic info to get things started.<br/><br/> | |
2. Expenses - Listing out your monthly expenses to determine the proper size | |
of your emergency fund and get a clear picture of your | |
financial obligations. <br/><br/> | |
3. Savings Plan - See how long it would take to fund your emergency fund, | |
and experiment with how much you want to save each month to reach your goal. | |
<br/><br/> | |
</h3> | |
<Button className="nav-btn" block> | |
<Link className="link" to="assumptions">Input Some Assumptions</Link> | |
</Button> | |
</div> | |
); | |
} | |
export default WhatIsARainyDayFund; |
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