How to Build an Emergency Fund: A Step-by-Step Guide

An emergency fund is essential for financial security, providing a cushion for unexpected expenses like medical emergencies or job loss. This post will outline steps to build an emergency fund, such as setting savings goals, automating contributions, and cutting unnecessary expenses. It will also discuss how much you should aim to save and the benefits of having 3-6 months’ worth of living expenses set aside in case of unforeseen circumstances.