A home, personal or work emergency can be devastating, not only emotionally but also for our pockets. Therefore, it is crucial to have a contingency fundwhich help to cover expenses that we did not plan for.
This reserve is intended as an emergency fund, intended for emergency situations only who need quick solutions. For example, breakdowns in electrical appliances, car repairs after an accident or medical expenses due to illness.
Profit time, how to use it wisely
The covid-19 pandemic has faced us with a state of emergency and uncertainty, so spare cash has become imperative for future contingencies. It’s a shape avoid long-term debts and help cover at least part of the unexpected costs.
How to create an emergency fund
Source: Eluniverso
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
