Emergency Fund: What it Is and Why it Matters - NerdWallet

Any society organized in the form of a State foresees that, in the face of problems that may arise in a surprising way and with serious effects, it must have financial and institutional support to enable it to face such problems. In Ecuador, whenever there is an unforeseen problem and with serious effects, citizens and institutions turn to the State to help them. But it turns out that the State, with very rare exception, does not have enough fun…

Emergency Fund: What it Is and Why it Matters - NerdWallet

An emergency fund is a bank account with money set aside for big, unexpected expenses like job loss, medical bills and other emergencies.