Build Your Emergency Savings Fund
An emergency fund is a crucial part of your financial security. When you have extra money stashed away, you are less likely to stress over financial emergencies like car repairs, medical emergencies, and job loss.
At a minimum, you should start preparing an emergency savings of 3-6 months worth of living expenses. Living expenses include rent (mortgage payments), groceries, utility bills, clothing, and other miscellaneous costs that you need to maintain your lifestyle.