📂 Savings
How to build a crisis-proof emergency fund
💡 Quick Tip
Learn to build your financial safety net to face unexpected events without resorting to debt. We teach you exactly how much money you need, where to keep it, and what situations truly justify its use.
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What is an emergency fund?
An emergency fund is money saved specifically to cover unexpected and urgent expenses. It prevents high-interest debt when life gets complicated.
How much you need
- Basic level: €1,000 for immediate needs.
- Security level: 3 to 6 months of fixed expenses.
- Full level: 9 to 12 months for freelancers.
📊 Practical Example
Practical example
If your expenses are €1,200/month:
- 3-month goal: €3,600.
- 6-month goal: €7,200.
Saving €150/month, it takes 24 months. By cutting extra costs, you can finish in under a year.
