Part 1/8:
The Importance of Emergency Funds: Financial Security in Uncertain Times
In today's unpredictable world, having a solid financial safety net is more important than ever. A recent survey highlights a concerning reality: nearly half of Singaporeans do not have enough emergency funds to cover six months of living expenses during a crisis, and about 45% lack sufficient savings to support their family needs for the upcoming year. These figures underscore the urgent need for individuals to prioritize establishing and maintaining emergency funds to safeguard their financial well-being.