Emergency Fund = 6 Months Savings
How Much Emergency Fund Savings Do I Need?
This article explains the amount of money that you should have saved up for your own personal Emergency Savings Fund!
Emergency Fund = 3-6 Months
An Emergency Fund is a amount of money that can be used if you experience an injury, lose your job, or for some reason that you cannot work. In this instance an emergency fund can be used to keep you afloat while you search for new employment opportunities.
An Emergency Fund should have 3-6 months of living expenses. When most people learn that they should have six month's worth of expenses saved away, they become stressed. But fear not, it takes time to save up for these instances. If you follow the tips shared by InsuredTY, you should have no problem saving this amount after a few years.
Remember to combine these principles with the other tips shared under Savings Tips in order to maximize your savings potential. Click the link below to see similar InsuredTY articles:
Need Help?
If you need help calculating your monthly expenses and developing an in-depth strategy to put away small amounts of money, then don't hesitate to contact InsuredTY today!
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