Reported 3 days ago
Creating an emergency fund is essential for financial security, as it provides a safety net for unexpected expenses and job loss. Start by calculating your monthly living expenses and aim to save at least three months' worth. Assess your current savings, set a target savings goal, and invest in safe cash options like savings accounts or CDs. Ensure your emergency fund is easily accessible, ideally outside retirement accounts, with options like a Roth IRA or a home equity line of credit as additional security.
Source: YAHOO