When the unexpected occurs, an emergency fund can help you avoid debt, protect your assets and retirement savings.
Here are a few tips to help you get started:
- Create a budget and set a savings goal. You should plan for 3 to 6 months worth of living expenses.
- Think about savings accounts that allow you quick access to your cash.
- Put your savings plan into action. Automated savings plans can make it easier to reach your goals.
Be good to yourself and start your emergency fund today, so you can find your balance when you need it most.