Guide on How to Start an Emergency Fund

Uncertainties in life are unavoidable, that is why an emergency fund is extremely important. You will not know what will happen every day. So having an emergency fund should be one of your priorities when building your finances because it will serve as your lifesaver if anything unforeseen happens.

What Is An Emergency Fund?

An emergency fund is a source of funds dedicated to unexpected uncertainties that will require cash. It prepares you to be ready for things such as accidents, illness, loss of income, and more.

Benefits of Having an Emergency Fund:

  • You will have available cash when there’s an emergency. there’s no need for you to be stress in finding where you will be able to get money because you have backup cash that is waiting in case you need it.
  • If you have savings, debts will be avoidable. Let’s all admit it, some of us experience being in a situation where you needed money but you don’t have any. The first thing that comes into our mind is to ask help from our relatives or friend. Yes, that is an option as well, but you need to make sure that you will be a responsible payor because if not it will affect your relationship because the person you’re in debt to will not trust you anymore.
  • Having savings will make you secured, and if you are secured your mind will be at peace. In short, if you have an emergency fund you will not be in distress if something unexpected happens.
  • Protects your financial plan. If you prepare yourself, you will never get the money that is reserved for something else. For instance, you save money for your child’s education, but an emergency happen. If you have an emergency fund you will not get the money that was supposed to be used for your child’s education, but if you don’t have an emergency fund using the money that you saved will be your first option.

How to Start an Emergency Fund?

Step 1. Check your finances. Evaluate how much money you can set aside to be able to save.

Step 2. Open an account. You can open a savings account but choose a bank that is easy to access with a pretty decent interest, but if you can afford you can choose a higher interest account to maximize your potential interest earnings do that.

Step 3. Make sure to regularly deposit until you reach your desired amount

Saving for an emergency fund doesn’t have to start with big amounts. If you can’t afford to save that big, just start with a little amount. As long as you save regularly, you will definitely reach your goal someday.

Helpful articles:
Save A Ton Of Money With These Tiny Things To Cut Out Of Your Life
Saving Tips for Low-Income Workers
Budgeting Made Easy by 5-15-20-60 Rule
Money Management Tips For Couples
Money Tips For Single Parents


  1. Hello There. I found your blog using msn. This
    is an extremely well written article. I’ll be sure to
    bookmark it and come back to read more of your useful
    information. Thanks for the post. I’ll certainly

  2. Howdy, i read your blog occasionally and i own a similar one
    and i was just wondering if you get a lot of spam comments?
    If so how do you protect against it, any plugin or anything you can suggest?
    I get so much lately it’s driving me crazy so any support is very
    much appreciated.

  3. Nice weblog right here! Also your web site rather a lot up fast!
    What host are you the usage of? Can I am getting your associate link in your host?

    I desire my website loaded up as fast as yours lol

  4. I’m truly enjoying the design and layout of your website.
    It’s a very easy on the eyes which makes it much more enjoyable for me to come here and
    visit more often. Did you hire out a developer to
    create your theme? Great work!

  5. This is very interesting, You’re a very skilled blogger.
    I’ve joined your rss feed and look forward to seeking more
    of your great post. Also, I’ve shared your website in my
    social networks!

  6. Pretty section of content. I just stumbled upon your blog and in accession capital to assert
    that I get actually enjoyed account your blog
    posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently quickly.

  7. I like what you guys are up too. This type of clever work
    and exposure! Keep up the very good works guys I’ve included you guys to my personal blogroll.

  8. With havin so much written content do you ever run into any problems of plagorism or copyright violation? My website has
    a lot of exclusive content I’ve either created myself or outsourced
    but it seems a lot of it is popping it up all over the web without my agreement.
    Do you know any techniques to help stop content from being stolen? I’d genuinely appreciate it.

  9. When someone writes an post he/she maintains the plan of a user in his/her brain that how a user can understand it.
    Therefore that’s why this paragraph is great. Thanks!

  10. You actually make it seem really easy with your presentation but I to
    find this topic to be actually something that I believe I would by no means understand.
    It kind of feels too complex and very vast for me.
    I’m having a look forward to your subsequent post,
    I will try to get the cling of it!

  11. Good day! I know this is kinda off topic but I was wondering which
    blog platform are you using for this site? I’m getting fed up of
    Wordpress because I’ve had problems with hackers and I’m looking at options for another platform.
    I would be fantastic if you could point me in the direction of a
    good platform.

  12. Howdy! Do you use Twitter? I’d like to follow you if that would
    be okay. I’m undoubtedly enjoying your blog and look forward to
    new updates.

  13. I was recommended this blog by my cousin. I’m not sure whether this post is
    written by him as nobody else know such detailed about my
    trouble. You’re incredible! Thanks!

  14. I used to be recommended this web site through my
    cousin. I am not positive whether or not this put up is written by him as no one
    else realize such unique about my difficulty. You’re
    amazing! Thanks!

  15. I’m not sure exactly why but this weblog is loading incredibly slow for me.
    Is anyone else having this problem or is it a issue on my end?
    I’ll check back later and see if the problem still exists.

  16. Today, I went to the beach with my kids. I found a sea shell and
    gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to
    her ear and screamed. There was a hermit crab inside
    and it pinched her ear. She never wants to go back! LoL I know this is
    completely off topic but I had to tell someone!

  17. Hi there! Would you mind if I share your blog with my twitter group?
    There’s a lot of people that I think would really appreciate your
    content. Please let me know. Thank you

  18. Simply want to say your article is as amazing. The clarity in your post is just nice and i can assume you are
    an expert on this subject. Well with your permission let
    me to grab your feed to keep up to date with forthcoming post.
    Thanks a million and please continue the gratifying work.

  19. Hello There. I found your blog using msn. That is a very neatly written article.
    I’ll make sure to bookmark it and come back to read extra of your useful info.
    Thanks for the post. I’ll definitely comeback.

  20. When some one searches for his essential thing, therefore
    he/she needs to be available that in detail, therefore that thing
    is maintained over here.

  21. That is a really good tip particularly to those fresh to the blogosphere.
    Short but very accurate information… Thank you for sharing this one.
    A must read article!

  22. Hi there, You have done an excellent job. I will definitely digg it and personally recommend to my friends.
    I’m confident they will be benefited from this site.

  23. It’s really a cool and useful piece of info. I’m glad that you just shared this helpful information with us.
    Please keep us informed like this. Thanks for sharing.

  24. It’s a pity you don’t have a donate button! I’d most certainly donate to this superb blog!
    I suppose for now i’ll settle for book-marking and adding your RSS
    feed to my Google account. I look forward to new updates and will
    talk about this site with my Facebook group.
    Talk soon!

  25. Pretty nice post. I simply stumbled upon your blog
    and wished to say that I’ve truly loved surfing
    around your blog posts. In any case I’ll be subscribing on your rss feed
    and I hope you write once more very soon!

    My webpage … special

  26. Excellent article. Keep posting such kind of information on your page.
    Im really impressed by your blog.
    Hello there, You have performed an excellent job.

    I’ll definitely digg it and in my opinion recommend to my friends.
    I’m confident they will be benefited from this site.

  27. I’m really loving the theme/design of your website.

    Do you ever run into any web browser compatibility problems?

    A small number of my blog audience have complained
    about my website not working correctly in Explorer but looks
    great in Firefox. Do you have any suggestions to help fix this issue?

  28. Hello everyone, it’s my first pay a visit at this web page,
    and paragraph is truly fruitful in favor of me,
    keep up posting these articles or reviews.

  29. A fascinating discussion is definitely worth comment.
    I think that you need to write more about this subject, it might not be a taboo matter but typically
    people do not discuss such subjects. To the next!

    Feel free to surf to my site; tracfone

  30. Greetings from Idaho! I’m bored at work so I decided to browse your site on my iphone
    during lunch break. I really like the information you present here
    and can’t wait to take a look when I get home.
    I’m surprised at how fast your blog loaded on my mobile ..
    I’m not even using WIFI, just 3G .. Anyhow, superb blog!

    Visit my blog … 2022

  31. Asking questions are in fact nice thing if you are not understanding something completely, except this paragraph gives fastidious
    understanding yet.

  32. It’s too bad to check your article late. I wonder what it would be if we met a little faster. I want to exchange a little more, but please visit my site slotsite and leave a message!!

  33. hi!,I love your writing so a lot! share we be in contact more approximately your article on AOL? I need a specialist in this area to solve my problem. Maybe that’s you! Taking a look forward to look you.

  34. отель германия кисловодск витязево гостевой дом мармелад
    гостиница новый тобол свияжск гостиница как доехать до санатория сосновый бор
    все включено туры марсианские воды отель краснознаменск

  35. хостел лайк сургут сайт санатория буран
    хостелы в миассе троицко печорск гостиница гостиницы касимова
    пансионат автомобилист отзывы воронеж отели с бассейном отель holiday inn moscow vinogradovo

  36. санатории для похудения в россии недорого метрополис сургут официальный сайт
    отели в адлере и сочи снять жилье в манжероке недорогие гостиницы в сыктывкаре
    москва гостиница с бассейном санаторий в пятигорске с бассейном вип санатории россии

  37. гостиницы московская область лавита цена
    отель айгуль уфа санаторий солнечный в подмосковье горящие путевки сочи
    турагентский договор санатории тюменской области санаторий кисловодский министерства обороны официальный сайт

  38. геленджик в ноябре сайт санатория искра в пятигорске
    лучшие отели геленджика для отдыха с детьми дендрарий сочи на карте города база отдыха воронеж с бассейном
    отель солдайя гостиницы голицыно гостиница винтаж симферополь

  39. спа солнечный солнечногорск цены гостиницы в колпино цены адреса
    сана абхазия отзывы отели калининграда отель норд в партените официальный сайт
    авиастар гостиница москва база азимут астрахань санаторий смена кисловодск официальный

  40. [url=]canadian pharmacy 24 com[/url] canadian pharmacy sarasota

  41. авиатор отель в шереметьево орбита усинск гостиница
    гостиницы тольятти санаторий ямал газпром санаторий родник анапа фото
    спа цена путевки в алтайский край пансионаты татарстана

  42. гостиница в лабинске ливадия спа отель
    мини отель 4 комнаты феодосия ливадия гостиница отзывы ялта
    москва крым санаторий отзывы гостиницы кизляра дагестан океанариум адлер на карте

  43. автотранспортник санаторий мини отель окна санкт петербург
    санаторий солнечный кисловодск фото отели владимирской области с бассейном анапа отели у моря с бассейном недорого
    санаторий мвд хоста официальный сайт гостиницы реутова база отдыха красная пахра

  44. хуторок анапа зеленый мыс отзывы
    лиски санаторий радон цены grand memories санкт петербург ибис отель красная поляна
    сколько стоит путевка в смену санаторий горный горячий ключ цены на 2021 санаторий сочинский мо рф официальный сайт

  45. бюджетные санатории краснодарского края тур в сочи цена
    отдых цены где отдохнуть с детьми в сочи сити отель курган
    санаторий солнечный кисловодск на карте сакрополь саки санаторий официальный сайт южное взморье адлер карта

  46. заводоуковск санаторий ингала дом отдыха полный пансион
    отель светлана адлер парк олимп геленджик фото санаторий мотылек анапа официальный
    пансионат петрово дальнее официальный сайт цены тур в краснодарский край абхазия сухум отдых

  47. сан шахтер ессентуки симеиз отдых с бассейном
    президент отель москва метро рядом галич гостиницы и отели цены санаторий золотой колос крым
    ибис центр бахрушина санаторий имени кирова горная здравница ялта

  48. база отдыха в подмосковье солнечный ай петри в крыму
    отдых на лето гостиница сафари красноярск букинг карловы вары
    ивантеевка гостиница самое полезное море гостиница на вайнера первоуральск

  49. дома отдыха санатории россии ариадна крым ялта
    анапа океан бассейн спа отель море алушта официальный сайт цены эко вилладж крым
    реабилитационный центр кардиологии санаторий орленок евпатория отзывы оздоровительные санатории краснодарского края

  50. программа санаторий гостевой дом радон пятигорск
    сочи отель красная поляна отель горки 10 отдых пушкинские горы псковская область
    отдых на краснодарском побережье черного моря лечение опорно двигательного аппарата в крыму санатории москвы и подмосковья с лечением

  51. I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this hike.

  52. Wow, fantastic blog layout! How long have you been blogging for?
    you made blogging look easy. The overall look of
    your site is great, as well as the content!

    Also visit my webpage 2022

  53. I wish to express my thanks to you for bailing me out of this particular problem. As a result of looking through the world-wide-web and meeting methods which are not productive, I figured my life was gone. Being alive devoid of the approaches to the problems you have resolved as a result of this short article is a crucial case, and the ones which might have in a wrong way damaged my career if I hadn’t discovered your web blog. Your own know-how and kindness in maneuvering all the pieces was excellent. I am not sure what I would’ve done if I had not come across such a thing like this. I can at this time look ahead to my future. Thanks for your time so much for this impressive and results-oriented guide. I won’t hesitate to propose the website to anyone who would like care on this topic.

  54. [url=]best over the counter dark spot remover[/url] strongest over the counter diuretic

  55. drug information and news for professionals and consumers. Some are medicines that help people when doctors prescribe.
    ivermectin 50
    Read now. Some trends of drugs.

  56. Everything what you want to know about pills. Comprehensive side effect and adverse reaction information.
    buy stromectol uk
    Prescription Drug Information, Interactions & Side. Drug information.

Leave a Reply

Your email address will not be published.