What is a key benefit of creating an emergency fund? Option: "To have funds readily available for investment opportunities", "To ensure you always have cash on hand", "To maintain a high credit score", "To cover unexpected expenses and mitigate financial risks"

What is a key benefit of creating an emergency fund?

What is the primary purpose of an emergency fund?

Building Financial Security: What is the purpose of an emergency fund?

Why is creating an emergency fund important in financial planning?

What is the primary purpose of an emergency fund?

Why is it crucial to have an emergency fund?