savings for unexpected expenses
"Savings for unexpected expenses" refers to setting aside money or funds to cover unforeseen and unplanned costs that may arise due to emergencies, accidents, or other unanticipated events. These savings act as a financial cushion to provide stability and mitigate the impact of unexpected financial burdens.
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Related Concepts (1)
Similar Concepts
- cost savings
- disposable income and savings
- emergency funds
- emergency savings strategies
- medical expenses
- national savings
- non-essential expenses
- rainy day funds
- retirement savings
- safety net savings
- saving and investing
- unexpected event funds
- unforeseen costs
- unplanned expenditure provisions
- vacation and travel expenses