Answer:
savings
Explanation:
Savings are part of income kept aside to be used in the future. Savings can be done in lump sum or phases. The amounts saved maybe some specified or unspecified purposes. One reason why saving is encouraged is to create a fund for use in times of emergency.
The general rule is that individuals or households should have at least three times their monthly expenditure as savings. The funds should be in a safe and accessible place, such as a bank account. Financial planners will always insist on creating a fund for use when the unexpected happens.
