Office of Financial Empowerment
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Emergency Fund

An emergency fund is money set aside for unplanned expenses.  Generally, you should save what amounts to three to six months of your income.  During emergencies, such as job loss, health problems and natural disasters, digging into your emergency savings fund is better than taking out a high-interest loan that can lead to debt problems.
Learn quick ways to get into the savings habit
When you need cash immediately, try to ask friends, relatives or even your
   employer for money before taking out a high-interest loan.  Know the five loans
   you should avoid