# Emergency fund

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> Source: https://en.wikipedia.org/wiki/Emergency_fund
> Source revision: 1313757555
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

An '''emergency fund''', also known as a contingency fund,<ref>{{cite web |title=Emergency Fund |work=Economic Times |url=https://economictimes.indiatimes.com/mf/analysis/how-to-build-an-emergency-fund-a-step-by-step-guide/articleshow/76438238.cms}}</ref> is a [personal budget](/source/personal_budget) set aside as a financial safety net for future mishaps or unexpected expenses. A critical part of [financial planning](/source/financial_planning), it is supposed to ensure one's [personal finances](/source/personal_finances) are prepared for any [emergency](/source/emergency) so that the risks of becoming dependent on [credit](/source/credit), falling into [debt](/source/debt), or running out of money in general are reduced if such a situation were to occur.

Emergency funds may be used in the case of [job loss](/source/Termination_of_employment), medical emergencies, automobile problems, [home appliance](/source/home_appliance) repairs and replacements, and unplanned travel expenses.<ref>{{cite web |last1=Daniel |first1=Kurt |title=Emergency fund |url=https://www.investopedia.com/terms/e/emergency_fund.asp |website=[Investopedia](/source/Investopedia)}}</ref>

==See also==
*[Rainy day fund](/source/Rainy_day_fund)
*[Contingency fund](/source/Contingency_fund)

==References==
{{reflist}}

Category:Personal finance

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Adapted from the Wikipedia article [Emergency fund](https://en.wikipedia.org/wiki/Emergency_fund) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Emergency_fund?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.