25 Sep 2025 | 5 Mins Read
Establish a reliable emergency fund with 7 easy steps
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A savings fund is crucial for unexpected expenses, such as medical bills, car repairs, and lost income. Experts recommend saving 3-6 months' essential expenses, increasing to 9 months for irregular income or dependents, and breaking this goal into manageable monthly targets. Set up an automatic transfer, cut unnecessary expenses, and refill the fund after use to maintain a stable safety net.