<ul><li>An emergency fund serves as a financial cushion, providing peace of mind and protecting against financial setbacks.</li><li>Aim for 3 to 6 months' worth of living expenses when determining your target amount.</li><li>Keep your emergency fund in a high-yield savings account, money market account, or certificates of deposit (CDs).</li><li>Regularly reassess and replenish your emergency fund to maintain financial security.</li></ul>

The Basics of Emergency Funds: How Much and Where to Keep It

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