Emergency fund: How much cash you should have available quickly.. As of: April 3, 2024, 5:24 a.m By: Carina Blumenroth CommentsPressSplit It is therefore advisable that you always have a cushion to fall back on.
Paying for repairs that cannot be postponed or bridging a period without a job – having money “in the bank” will certainly calm your nerves. The consumer advice center also advises that you should create an emergency fund.