Building an emergency fund can protect you from unexpected financial setbacks from "summary" of Real Life Money: the Journal by Clare Seal
Having an emergency fund in place is like having a safety net to catch you in case you fall financially. It's a fund that you build up over time, setting aside money regularly so that you have a financial cushion to fall back on when unexpected expenses or financial setbacks come your way. Think of it as a financial buffer that can help you weather the storms that life may throw at you, whether it's a sudden car repair, a medical emergency, or a job loss. By having money set aside specifically for emergencies, you can avoid going into debt or having to borrow money ...
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