Emergency Funds Savings

Everyone should have an EMERGENCY SAVINGS stash of money set aside specifically to cover unexpected expenses or financial emergencies. It acts as a financial safety net to help you avoid going into debt when life throws you a curveball. 

Purpose of an Emergency Funds:

• Job loss
• Medical emergencies
• Car repairs
• Home repairs
• Unexpected travel or family emergencies 

Key Features: 

• Easily accessible
• Separate from a regular savings 
• Not for planned expenses 

This emergency savings helps you save a total of $1,000