Final answer:
Having an emergency fund is crucial for financial stability and preparedness, helping individuals avoid debt and financial stress.
Explanation:
An emergency fund should be a top priority because it provides a financial cushion in case of unexpected expenses or emergencies, preventing individuals from going into debt or facing financial hardships.
By saving money regularly into an emergency fund, individuals can build up a reserve that can cover expenses such as medical emergencies, car repairs, or sudden job loss.
This financial safety net helps individuals feel more secure and prepared for the future, reducing financial stress and allowing them to focus on long-term financial goals.
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