Part of a sound financial plan must include an emergency fund, because without it, your financial plan can be derailed should an emergency arise. An emergency fund is an account where money is set aside for any unexpected events of life. These events can be stressful and costly.
A tyre burst, paying medical bills that were not covered by your medical aid, losing a job, paying for the funeral of a family member who did not have a funeral benefit or not getting paid on time as a freelancer are just some of the events that can catch you by surprise,
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