How To Save Money For An Emergency Fund

Most people know they need to save money for emergencies, but many don’t have a solid plan to make that happen 

What Is An Emergency Fund?

An emergency fund is a savings account that you use to cover unexpected costs. Having one is essential because it can help you avoid going into debt if something unexpected happens. 

Why Do You Need An Emergency Fund?

There are few things worse than getting into financial trouble, primarily if your family’s well-being depends on it.  

How Much Should You Save?

The general rule of thumb is to save enough money to cover three to six months of living expenses.  

Where Should You Keep Your Emergency Fund?

An emergency fund should be kept in a separate savings account from your regular checking account. 

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