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What is an emergency fund?
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17th Dec 2009 by Gary
An emergency fund is a fund where an individual sets aside enough money to take care of needs if an unexpected negative event happens. Normally one should set aside at least 6 months worth of money so if they lose their job or have an unexpected accident, etc., they could live off of it and have time to recover without hurting your finances or scrambling to figure out how to live and pay your bills.
An emergency fund is a fund where an individual sets aside enough money to take care of needs if an unexpected negative event happens. Normally one should set aside at least 6 months worth of money so if they lose their job or have an unexpected accident, etc., they could live off of it and have time to recover without hurting your finances or scrambling to figure out how to live and pay your bills.
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1st Dec 2009 In Budgeting
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