Consumer Corner: What's a running away fund? - and why you should have one

"...from a bad marriage or an unfulfilling job, the idea is that if you have financial security, you can make an informed decision without having to worry about money"
Life isn't all smiles, like this posed photography: best to have some money aside in case of the worst

Life isn't all smiles, like this posed photography: best to have some money aside in case of the worst

You may have joked about having a "running away fund" or been advised by your grandmother to keep one but in all seriousness, it is worth thinking about. A "running away fund" got its name from the idea of saving money so that you can exit a situation. 

It could be anything from a bad marriage or an unfulfilling job. The idea is that if you have financial security you can make an informed decision on such matters without having to worry about money. Many people like to keep their running away funds private but whatever way you wish to do it, having some funds stored away can be a big help with life matters.

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