Money Made Easy #6 | The Emergency Fund
August 1, 2025
It is during trying times that individuals and families recognize the importance of growing and maintaining an emergency fund.
An emergency fund ensures that you and your dependents have cash reserves to spend on basic needs or monthly expenses in the event you lose your source of income, need an urgent medical procedure, or a calamity strikes the family property. This way you don't have to deplete your life's savings, rely on credit cards or have to get a loan.
Establishing your emergency fund or financial safety net should be among the first financial goals as you lay down the foundations of your financial security.
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