I think emergencies are inevitable. Whether it is a debt you own to someone or a sudden illness, car or home repairs, sudden unemployment, you should be prepared for it because when that time comes, no one will lend you money.
The possibilities of someone lending you money are very slim. It is because in this day and age, and with inflation and the costs of living, most people are living pay check to pay check. And why would they give you their hard-earned money? It makes no sense to anyone. So, I think people should not expect borrowing money from their friends and relatives when they face an emergency. Everyone tries hard to make a living, and it is absurd to even expect that from someone. So, the importance of having a savings account for emergencies comes into play.
You have to have some sort of valuable asset that has monetary value, and you could sell it when you need money, like gold and silver coins. These assets appreciate with time and according to inflation. So, you don't need to worry.
So, when you have peace of mind, you can be more efficient in your daily tasks. There is only the stress of dealing with that emergency is left. You don't need to worry about money. This makes solving your problem much easier.
Adding to this emergency fund can be to your advantage. For accumulating this fund, you need to study your expenses really carefully and cut down on unnecessary expenses. That way, you can save more money, because you become aware of how much you spend on each of your expenses. The peace of mind that this money gives you is priceless. You don't have to take a loan or put yourself under credit card debt.
What I like to do is to put away the money I gain from cryptocurrency gains to my emergency fund. That way I will have lots of money that maybe I could use later for emergencies. Actually, I don't put away all my gains from crypto for emergencies, I want to start my own business in the future and for starting I need some money. I am accumulating some money for that purpose as well. What I want to say is that you need to see how much is necessary to put into your emergency fund. Possibly, you don't have an emergency in years to come. But, it is only wise to do this as soon as you can. Budgeting will help you in this regard.
If you have a low income, then having a savings account for emergencies is more difficult because you don't have much money to put into that account. The solution in my opinion is to cut down as much as you can on your expenses, like don't buy clothes for a month or don't eat once a week. Fast. That way you can save that money for your emergencies. If you have the habit of buying coffee, you can learn to make it yourself at home and save some money for your emergencies. Find shops to buy cheap clothing when you want to buy clothes or use rentals for celebrations or formal occasions. These are some ways I can think of that you can save money if you have low income.
Personally, I don't buy clothes and save money. What I mean is, being a little stingy is good sometimes. When I think about being stingy, my uncle comes to my mind. He collects old coins. He has a big collection and even though he can sell those coins, he doesn't. They are worth a lot of money if he sells them. He doesn't sell them, not even for emergencies. I'm not saying to be like my uncle, but I am saying saving some money by being a little stingy can go a long way.