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An emergency fund is an amount of money that you put away in a separate account to cover any unexpected expenses or emergencies. You can use this money to help yourself or your loved ones in times of strife, or to help you or them to prevent losing their home due to missed mortgage payments. Having an emergency fund can save you from many problems, as well as ensure you’re able to enjoy your life without being bogged down by debt. In this video we discuss how to create an emergency fund.