Emergency funds are a core part of personal financial planning, helping individuals stay afloat during unexpected situations like job loss, medical expenses, or urgent home repairs. There are various guidelines about how much to save. Some suggest one month of expenses as a basic cushion, while others recommend three to six months to cover longer disruptions. A more conservative approach advises saving up to twelve months of income, especially for those with irregular earnings or dependents. Alternatively, some people aim for a flat number like $10,000, seeing it as a solid, achievable milestone. The ideal amount depends on factors like income stability, monthly costs, health coverage, and family size. Regardless of the specific number, the goal is to create a financial buffer that prevents debt accumulation during emergencies. Building and maintaining this fund is one of the most practical steps toward financial security and peace of mind.