Create an emergency fund from "summary" of I Will Teach You to Be Rich: The Journal by Ramit Sethi
An emergency fund is exactly what it sounds like: a pool of money set aside specifically for unexpected events. These could be anything from a medical emergency, to a car breaking down, to getting laid off from your job. Regardless of the situation, having an emergency fund in place can provide you with a sense of security and peace of mind knowing that you have a financial cushion to fall back on. The idea behind an emergency fund is to have enough money saved up to cover three to six months' worth of living expenses. This may sound like a lot, but it's important to have this amount set aside in case of a crisis. You never know when you might need it, and having this safety net can prevent you from going into debt or having to rely on credit cards to cover unexpect...
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