Emergency Fund in Kenya
Be Prepared for Life's Unexpected Financial Surprises with an Emergency Fund in Kenya
A stash of cash that you set aside that you can access instantly when unforeseen financial challenges arise..
Uses of an Emergency Fund
- Covering expenses like rent, utilities upon job loss
- Funding urgent Home Repairs like leaking roof, plumbing issues etc
- Unexpected travel due to family emergencies
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Using an emergency fund for these situations helps preventing taking on debt or dipping into long term savings and investments Ideally we should have 6-12 months worth of monthly expenses as our emergency fund Best place to save for emergency fund is Money Market Funds as it preserves capital and also grows
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Prepare for life’s financial surprises by establishing an emergency fund with Le’Risque Africa. Our financial advisors can help you create a savings plan that ensures you have the necessary funds available when you need them most.