How do I start an emergency fund?
Starting an emergency fund is a great idea! First, determine how much you want to save. A common goal is 3-6 months' worth of expenses.
What if I can't save that much right away?
That's okay! Start with a smaller goal, like $500 or $1,000, and gradually build it up over time.
Where should I keep this emergency fund?
It's best to keep your emergency fund in a high-yield savings account. This way, your money can earn interest while remaining accessible.
How can I make saving easier?
Consider setting up automatic transfers from your checking account to your savings account each month. This makes saving effortless!
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