Building an Emergency Fund: Your Essential Savings Guide

Things happen in life that we cannot always predict. No matter how organised your finances are, an emergency such as a major medical bill, fixing your car, or losing a job can come at any time – building an emergency fund.

You can protect yourself from shocks by setting aside money and building an emergency fund. With this fund, you don’t have to worry about important expenses because it helps you stay on your path to financial freedom.

In this detailed guide, we’ll discuss why you need to build an emergency fund, how much you should aim to save, and the best ways to grow your savings.