Planning for Retirement – Emergency Funds

Having an emergency or ‘rainy day’ fund set aside for unforeseen financial expenses is a must.
The recommendation is to have between three and six months household outgoings set aside in
an easily accessible account.
You will have peace of mind knowing that these monies have been set aside and this will
reduce any stress and/or the need to borrow should an unforeseen expense arise in the
future.