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Buy peace of mind with an emergency savings account.
An emergency fund is key to achieving financial stability and independence.
By saving money for the future - we’re not only buying peace of mind knowing we can cover some unexpected expenses, but saving the additional costs we’d have to pay if we put it on a credit card or borrowed money.
Emergencies will happen.
By building an emergency fund, we can make sure that we have a plan when you do so you don’t end up paying more than you have to.
An emergency fund is “ready-to-go” when you have 3-6 months of your expenses saved.
This means you could stop working for 3-6 months and still cover your bills.
That can be a really high number -remember, this is your final goal - not something that has to happen right away.
Even a SMALL amount saved can be helpful in the long run when you need it.
How can you save?
Click on the card to see ways to make that happen
Where you save your emergency fund is important.
You can store your emergency fund in a variety of locations - but they are notall the same.
No matter what kind of bank you go with, you want to make sure your account is insured by the FDIC or the NUCA for credit unions. Why?
Add a savings goal to your money plan in MyMoneyPath.
Ready to add “Build an Emergency Savings” to your Smart Goal list?
Consider Creating a FREE Account!
