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What is considered an emergency fund? How much should your emergency fund be? How do you use an emergency fund? How much is a 6 month emergency fund? All your questions about emergency funds, answered in this video!
50/30/20 Money Management: https://youtu.be/Bf1r5CwcpyY
An emergency fund is a personal budget set aside as a financial safety net for future mishaps or unexpected expenses. A critical part of financial planning, it is supposed to ensure one's personal finances are prepared for any emergency so that the risks of becoming dependent on credit, falling into debt, or running out of money in general are reduced if such a situation were to occur.
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