Why you NEED an Emergency Fund and How to Start One

#budgetlove #emergencyfund #personalfinance #savemoney Hey Budget Lovers In this video, I defined what an emergency fund is. An emergency fund is a bank account with money set aside to cover large, unexpected expenses. 1. Medical expenses 2. Home/Car repairs 3. Unemployment https://www.nerdwallet.com/blog/banki... I also gave two benefits of having one: 1. Debt-free 2. Peace of mind I answered the following question - How much should i have in my emergency fund? I suggested three to 6 months worth of expenses. ------------------------------------------------------------------------------------------------------------------------- Don't forget to subscribe:    / budgetlove   -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Budget Love Playlist: 1. Budget Love    • Personal finance - Deferred payment Part 1   2.Saving challenges    • How to Save Money - Money Saving Challenge...   3. Personal Finance Math    • How to Calculate Percent Change - (Easy to...   4. How to create a budget    • How to create a BUDGET using the 50 30 20 ...   5. Personal finance    • True meaning of Affordability (affordabili...   -------------------------------------------------------------------------------------------------------------------------------------------- Social Media: Facebook:   / budget-love-104808084461001   Instagram:   / budgetlove01   -------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: Please note that I am not a financial advisor but an accountant, my videos are based on my personal experiences and research.