An emergency fund,or rainy-day fund,is comprised of liquid assets sufficient to cover 3.5 years of expenditures.

Name: An emergency fund,or rainy-day fund,is comprised of liquid assets sufficient to cover 3.5 years of expenditures.
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The recommended size of an emergency fund varies depending on financial experts, but generally it is recommended to have 3-6 months worth of living expenses saved up. Saving up 3.5 years worth of expenditures would be excessive for most people and may not be feasible.

An Emergency Fund,or Rainy-Day Fund,is Comprised of Liquid Assets Sufficient