One of the most basic principles of personal finance is creating an emergency fund. This money can be accessed when you need a safety net and has no other use. Many financial advisers recommend keeping three to six months’ worth of expenses in a savings account. The first step is to set aside $1,000 in an emergency fund. You can increase this amount later when you need a larger sum. Similarly, saving a month’s worth of expenses is a good place to start. sheldon inwentash toronto Personal finance is an essential part of life. It involves managing money, setting financial goals, and making smart decisions. It involves learning to create…