Your emergency fund can help you cover the cost of life’s unpleasant surprises like medical bills, car repairs or even job loss. That’s why an emergency fund is something you need in place if you want financial security. But do you know where to put that cash and how to set up your emergency fund so it works for you? How Much Cash To Keep In Your Emergency FundAn emergency fund should contain three to 12 months of living expenses. Someone working in an industry that is more sensitive to changes in the economy such as construction or finance, on the other hand, may want to maintain a bigger emergency fund.

Source: Forbes September 23, 2017 11:37 UTC