An emergency fund protects your budget from unexpected costs such as repairs, medical bills, or income interruptions.
Build it step by step
- Choose a starter target.
- Open a separate accessible savings account.
- Automate a small transfer.
- Save windfalls and extra income.
- Increase the target as your expenses become clearer.
FAQ
How much should I save?
Start with an amount that covers a likely small emergency, then work toward several months of essential expenses.