Life has a way of throwing expensive surprises when you least expect them. A flat tire, a broken appliance, an unexpected medical bill, or a sudden job loss can quickly turn a normal month into a financial crisis. That’s where an emergency fund comes in. A savings account for financial emergencies allows you to pay your rent or mortgage, put gas in your car, or replace a failed appliance without going into debt if you unexpectedly lose income. Even an emergency fund as small as $250 can lessen the chance ...