Let’s make that emergency savings fund happen.
With as little as $10 per paycheck you can build up to over $500 a year for unexpected expenses.
You should set two goals:
- Build your Liquid Savings Fund, between $100-1000. Use it for everyday emergencies like unexpected car repairs. Then rebuild.
- Build your full Emergency Fund once your Liquid Savings Fund is comfortably sized. This is your safety net in the event of prolonged income loss and is recommended to cover 3-6 months’ of expenses.