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26-11-2020
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how is an emergency fund simalar to and different from a savings fund?

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26-11-2020

The difference is that you use an emergency fund for dire situations such as paying off hospital fees or paying sudden unexpected bills

Savings fund is more where you save for a down payment or a car or other things you are saving up for

The things these have in common is that for each fund you are saving for an event like how you save up for a car or unexpected bills

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