How To Save Money For An Emergency Fund And Feel Financial Bliss

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.

Emergency funds create a buffer that can keep you afloat without using credit cards or high-interest loans.

Why Do You Need An Emergency Fund?

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

How Much Should You Save?

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

Where Should You Keep Your Emergency Fund?

1. Decide How much You Need To Save The first step in saving for an emergency fund is determining how much money you’ll need to cover unexpected expenses.

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