Source When talking about emergency fund, I think is like a solutions solvers to an unforseen circumstances. Rich people don't take emergency fund with a levity hand because this fund is different from savings fund and they won't allow both funds to affect each other. Emergency Fund has really helped many people out especially when they are faced with urgent situation or crisis.

WHAT IS AN EMERGENCY FUND

An emergency fund can be referred to a particular money put aside apart from the savings account to deal with any kind of urgency or disaster that may happen in future.

No one knows tomorrow they say and that's why we have to prepare for it no matter what. One of the crucial way to lessens any kind of unforeseen crisis or urgent situation is by having an emergency fund set aside.

WHY IS EMERGENCY FUND SO PARAMOUNT

Emergency Fund is very important to help deal with an unforseen circumstances like I said before and it's very vital for the growth of one financially.

Emergency funds produce a financial cushion that can keep one buoyant especially in a time of needful without having to depends on any excessive interest loans or plastic money. Having an emergency fund is very important as it will save one from borrowing or debt in time of needful.

Having an emergency fund could really help one to envelope the cost of living and all other expenses. And also emergency fund can really save us by granting us the privilege to vacate a job which is not of our choice in the absence of firstly securing another's job.

Having an emergency fund really plays a vital role to our financial success as it helps to deal with with unforseen circumstances without affecting our investment fund or our savings for retirement.

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