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An emergency Mutual fund is a financial safety net that assists people in dealing with financial difficulties such as unexpected medical expenses, major repairs to their home or car, job loss, and so on.
Having an emergency fund should be a top priority for anyone who wants to live a financially secure life. An emergency mutual fund not only provides financial assistance during the most difficult times, but it also prevents you from deviating from your long-term savings goals. The primary goal of your emergency fund is to assist you as soon as possible when you are in need. As a result, the accounts in which you keep your emergency Mutual fund should be highly liquid and easily accessible.
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