Answer:
An emergency fund similar to and different from a savings fund is discussed below.
Explanation:
- A pad is a miniature scale, normally $101–$1,000, that you keep in your checking statement for the purpose of bypassing overdrafts.
- An emergency fund is a great stability—normally 3–7 months of existence values—that you keep in a savings account in matter of significant circumstances like job loss and a medicinal emergency.
