Do you have an emergency savings account or emergency fund? Experts recommend that you have 3-6 months of living expenses in a savings account for emergencies. That sounds a little overwhelming to most of us, especially if you don't have any savings at all. Make a goal to save one month's expenses to start. Start a separate savings account and set up automatic transfers to it. Even $10 each pay day will add up quickly, and you can add any extra funds to reach your goal faster.
Do you have an emergency savings account or emergency fund? Experts recommend that you have 3-6 months of living expenses in a savings account for emergencies. That sounds a little overwhelming to most of us, especially if you don't have any savings at all. Make a goal to save one month's expenses to start. Start a separate savings account and set up automatic transfers to it. Even $10 each pay day will add up quickly, and you can add any extra funds to reach your goal faster.