Personal budget without stressStep 1 of 6
Emergency fund: ready for the unexpected
Why you need an emergency fund, how big it should be, where to keep it and how to build it in small steps.
It always happens out of the blue
Rəşad’s car broke down. The mechanic said the repair would cost 400 AZN. Rəşad had 150 AZN on his card and two weeks to go until payday. He borrowed from a friend and spent the next month paying it back.
What is an emergency fund?
It’s money kept separately and only for the unexpected: losing a job, illness, an urgent repair. It protects you from debt and stress.
True or false?
«With an emergency fund, Rəşad wouldn’t have had to borrow.»