to be used for any question related to emergency, "rainy day", or reserve funds for an individual or family. The question can be related to calculating, creating, managing or understanding the need for emergency funds.

An emergency fund is personal money set aside and saved as a safety net in case of unexpected expenses. The goal of an emergency fund is to protect the owner in case of financial trouble, and to prevent them from having to sell other assets or go into debt to cover a sudden expense.