What Is an Emergency Fund?

Money stashed away for emergencies

Tunji Onigbanjo

--

Photo by Katie Harp on Unsplash

You will never know when certain events will occur. That is why it is important to have an emergency fund. An emergency fund is a pool of money you stash away in a dedicated savings account to cover unexpected expenses. These expenses could include car repairs, medical bills, or unexpected job loss. The following will explain the importance of an emergency…

--

--