Emergency fund are funds that are saved for unforseen circumstances.
Saving fund are funds that are saved for future purposes or for a particular future aims and goals.
Similarities:
• Both emergency fund and saving fund are both funds that are set aside for important purposes.
•They both help to control how you spend your money
Differences:
•Emergency fund are funds that are saved for situation where you urgently need cash to make use without having to lend or borrow from some else.
•Saving funds are funds which are kept for a specific purpose especially for future planning such as saving to buy a house, car , private jet among others.
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