It’s very easy to calculate how much

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1 Money Market Funds 3.2 Savings account or certificate of deposit What is an emergency fund? Emergency money or fund is the money that you set aside not as an investment or savings but for emergency purposes. It is not money for groceries or other needs but strictly for emergencies. It is always important to build an emergency fund especially in tough times. What matters is that you set aside the money consistently and use it only in case of an emergency.


The success of your emergency fund depends more on how consistently audit directors auditors email database you set aside money and leave it there unless there is an emergency. Put money aside to prevent the coming months It is recommended that your emergency fund contain about three months of living expenses. This does not mean that your emergency fund should equal three months of your salary, but you should make sure that the money you set aside for this purpose is enough to cover any emergencies that may arise.


Money should go into your emergency fund. What you need is enough to cover: the rent of your apartment pay your bills and your car buy food and cover other expenses for a normal month. Experts based the three-month rule on the fact that most short-term disabling illnesses require almost three months to heal and recover. Keep your emergency fund safe You need to make sure that your emergency money is a liquid and highly accessible investment.