For most young adults entering the workforce, the one piece of advice you hear most often is to start saving for a “rainy day”. Saving for an emergency fund is almost like a prerequisite for other personal finance goals -- since emergencies (i.e., medical or financial) are a fact of life. If you’re not too familiar with the idea or how to build and manage an emergency fund, this article is your guide on how to get started. Why do you need an emergency fund? An emergency fund is a pool of money set aside for expenses from unexpected events such as a hospital bill from an injury or the financial burden from a sudden job loss. It acts as a crucial alternative to having to depend on credit cards and personal loans (which might lead you into debt). Likewise, if you already suffer from debt, an emergency fund acts...