Build Your Emergency Savings Fund
Key Takeaways
An emergency fund is a crucial part of your financial security.
At a minimum, you should start preparing an emergency savings of 3-6 months worth of living expenses.
Having money set aside is important in case financial emergencies arise.
Are you ready to make some real money moves?
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.