Emergency fund (original) (raw)
An emergency fund, also known as contingency fund, is a personal budget set aside as a financial safety net for future mishaps or unexpected expenses. A critical part of financial planning, it is supposed to ensure one's personal finances are prepared for any emergency so that the risks of becoming dependent on credit, falling into debt, or running out of money in general are reduced if such a situation were to occur. Emergency funds may be used in the case of job loss, medical emergencies, automobile problems, home appliance repairs/replacements and unplanned travel expenses.
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| dbo:abstract | An emergency fund, also known as contingency fund, is a personal budget set aside as a financial safety net for future mishaps or unexpected expenses. A critical part of financial planning, it is supposed to ensure one's personal finances are prepared for any emergency so that the risks of becoming dependent on credit, falling into debt, or running out of money in general are reduced if such a situation were to occur. Emergency funds may be used in the case of job loss, medical emergencies, automobile problems, home appliance repairs/replacements and unplanned travel expenses. (en) |
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| dbo:wikiPageLength | 1598 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1043096611 (xsd:integer) |
| dbo:wikiPageWikiLink | dbc:Personal_finance dbr:Debt dbr:Credit dbr:Emergency dbr:Rainy_day_fund dbr:Home_appliance dbr:Personal_budget dbr:Financial_planning dbr:Job_loss dbr:Personal_finances |
| dbp:wikiPageUsesTemplate | dbt:Fact dbt:Reflist |
| dcterms:subject | dbc:Personal_finance |
| rdfs:comment | An emergency fund, also known as contingency fund, is a personal budget set aside as a financial safety net for future mishaps or unexpected expenses. A critical part of financial planning, it is supposed to ensure one's personal finances are prepared for any emergency so that the risks of becoming dependent on credit, falling into debt, or running out of money in general are reduced if such a situation were to occur. Emergency funds may be used in the case of job loss, medical emergencies, automobile problems, home appliance repairs/replacements and unplanned travel expenses. (en) |
| rdfs:label | Emergency fund (en) |
| owl:sameAs | wikidata:Emergency fund https://global.dbpedia.org/id/C9Em1 |
| prov:wasDerivedFrom | wikipedia-en:Emergency_fund?oldid=1043096611&ns=0 |
| foaf:isPrimaryTopicOf | wikipedia-en:Emergency_fund |
| is dbo:wikiPageWikiLink of | dbr:Daulatdia dbr:Robbert_Baruch dbr:Velibor_Vasović dbr:1985–1986_Hormel_strike dbr:Rainy_day_fund dbr:Impact_of_the_COVID-19_pandemic_on_the_arts_and_cultural_heritage dbr:The_Total_Money_Makeover |
| is foaf:primaryTopic of | wikipedia-en:Emergency_fund |