Why You Need an Emergency Fund

An emergency fund is a financial safety net that can help cover unexpected expenses, such as medical bills or car repairs. Having this fund can prevent individuals from going into debt during tough times.

How Much Should You Save?

Financial experts recommend saving three to six months' worth of living expenses. This amount can provide a cushion during job loss or other financial emergencies.

Building Your Fund

Start by setting aside a small amount each month. Consider opening a separate savings account to keep your emergency fund accessible yet separate from your regular spending money.

"It's not about how much you make, but how much you save." - Unknown