Are emergency funds a necessity?

Do you know if it's actually necessary to have emergency funds? I don't have any savings, so I'm worried about that.

Well, I'd say that if you feel confident about your place of work and you're sure that you'll get a stable salary, it may be not that necessary. However, you need to be prepared for some situations that require money instantly, like when your car broke down or anything like that. You can just find a source of additional income and save money that you get that way. In my case, trading with a broker from https://topbrokers.com/forex-brokers/lmfx-review works the best, and I have some savings thanks to forex trading.