How To Build Your Emergency Fund ASAP

An emergency fund is one of, if not THE most important part of anyone's financial system. Having 3-6 months of living expenses saved up helps prepare you for any emergency that may come your way. Maybe you lose your job, get in a car accident, have a random medical expense, etc. Emergencies of all sorts happen all the time, and having an emergency fund protects you from going into debt.

Here are 3 tips to build your emergency fund as soon as possible:

1. Open a High Yield Savings Account immediately.

2. Set up automatic transfers from your checking account into your HYSA.

3. Cut back where you can to make space in your budget to save more.

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