A sum of money set aside in a readily accessible savings account for unanticipated events such as unemployment, medical bills, and car repairs. Emergency fund amount guidelines vary, but a general rule of thumb is to have enough to cover at least three months of basic living expenses.
CFP® certification is a voluntary certification granted in the United States by Certified Financial Planner Board of Standards, Inc. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Individuals who become certified are required to complete continuing education.