Living
How To Start Building Your Emergency Savings Account
Have you gotten yourself in the habit of blindly swiping your credit card, hoping it doesn't decline? With inflation increasing, many people are starting to feel the pressure of living paycheck to paycheck.
By Melody Rose4 min read
As looming uncertainty lingers in today’s economy, it’s vital to begin building an emergency savings account to ensure you’re protected no matter what circumstances may arise. Start by saving $1,000 – this will help cover surprise costs (like a flat tire) or true emergencies (like needing stitches) so you don’t take another financial hit while you’re attempting to get your finances in better order. As of 2020, 36% of all American households would have difficulty paying a $400 emergency expense – use this guide so you're not one of them!