Answer :
An emergency fund is a goal can help you be prepared for unexpected costs, such as car repairs.
The term "emergency fund" refers to a cash reserve set up expressly for unforeseen costs or financial emergencies. Examples that are frequently cited are lost wages, medical expenses, house repairs, and auto repairs. Having money on hand for unforeseen needs is easy with an emergency fund.
The easiest way to prepare for unforeseen expenses is to create an emergency fund where you may save for times when you might need to make a purchase for which you are not financially prepared.
The greatest place for emergency money would be in an account that can both yield interest and be easily accessed. This is a way to increase your income while saving for emergencies and being prepared to pay for unforeseen expenses.
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