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Answer Quiz

Why should you save for emergencies?

Why is it important to save for emergencies?

Compared to other financial obligations – car loans, student loans, retirement fund, daily expenses – saving up for an emergency might not seem like a priority. However, a sudden crisis can have a big, negative impact on your life if you are not prepared.

In this video, you will learn why you should set aside money for emergencies, as well as understand the basic guidelines for setting up an emergency fund such as how much you should put in your fund every month.

Start an emergency fund now to prepare yourself financially for whatever hurdle life throws at you.



Lesson Quiz

If you’re in an emergency, what are the items that will not constitute basic living expenses?