An emergency fund is money set aside for the unexpected: a medical bill, a car repair, or a gap between jobs. Its job is to stop a surprise from turning into debt.
The bigger picture
A common rule of thumb is to aim for three to six months of essential expenses, built up gradually. The money should be easy to reach but not so easy that it gets spent on everyday things.
What you can do
- Start with a small, reachable target
- Automate a transfer on payday
- Keep it separate from your spending account
This is sample content created for the demo site. Edit or delete it from the dashboard.
