Lesson 2 of 3 · 5 min

Emergency funds

An emergency fund covers 3–6 months of essential expenses and lives in an easy-access savings account.

Build it before investing so a surprise bill never forces you into debt.

Practice

Calculate your monthly essentials and multiply by three to set your first savings target.

+50 pts

The surprise repair

Your essential expenses are €800 a month. You want the lower end of the suggested emergency fund.

1. Which savings target covers three months?

€800€2,400€4,800€24,000

2. Where should it be kept?

StocksCryptoEasy-access savingsUnder the bed

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