Emergency expenses will happen. Try these strategies if you don’t have the cash on hand | CNN Business

New York CNN  — 

Whether it’s an unexpected car repair or an emergency room visit, life happens. And it’s expensive. For those without any kind of safety net, paying for unanticipated expenses can mean borrowing money at astronomical interest rates, as well as forking over late fees if you can’t make payments on time.

And while surveys indicate that there are plenty of people in just such a situation, there are some inexpensive and safe ways to access emergency funds.

In a May 2023 report on the economic well-being of US households, the Federal Reserve reported

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