Emergency Fund

BudgetingGlossary term

Definition

A savings buffer designed to cover 3-6 months of living expenses in case of job loss, medical emergency, or other unexpected financial setback. Essential for financial security.

Related terms

BudgetA financial plan that outlines expected income and expenses over a specific period. Creating and following a budget is essential for managing money and achieving financial goals.

Browse the full glossary

Get advice that uses your real numbers

Warren reads your accounts and explains what terms like this mean for your plan. Free to start, no credit card required.

Try Warren Free