Of course! Everyone needs an emergency fund. While it is common for young people not to worry about their savings, that doesn’t mean they shouldn’t start building an emergency fund. After all, emergencies do not discriminate and can happen at any time.
It may be daunting for students who already have many expenses to start an emergency fund. However, by starting small, saving what you can, and focusing on one month at a time, your savings will start growing, and your future self will thank you.