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For what sorts of emergencies might a person need savings ?

User Awilinsk
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All sorts of emergencies typically need savings, also known as a rainy day fund. May it be a medical emergency wherein a family member is sick and is in need to be admitted into a hospital, or it could also be emergencies related to natural calamities and disasters like flood, typhoon, drought, fire, tornadoes or hurricanes.
User Jigish
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