Browsing Tag:emgergency fund

How to Establish an Emergency Fund

how to establish and maintain an emergency fund

Once you’ve built a budget and started getting some extra monthly cashflow, you’ll want to establish an emergency fund. An emergency fund is exactly what it sounds like—it’s there for emergencies only. As such it should be put away in a savings account, CD, or money market account and forgotten about. The purpose of an emergency fund is to help you in times of unpredictable circumstances such as a job or car loss. If a home repair or car accident…