How To Build An Emergency Fund

United States
January 4, 2026 6:47am CST
Having an emergency fund is very important because you never know life is going to throw at you. Job loss, major illness, car or home repair, apartment eviction, etc. The benchmark is that you're supposed to have 3-6 months of salary stashed away in an emergency fund that you don't touch. Actually, I think it's essential living expenses, focusing on necessities like housing and food rather than salary. Put your emergency fund into a separate high-yield savings account to earn interest and also so that the cash is ready if needed Budget your savings but setting up an automatic transfer to put a certain amount in this fund every time you get paid. Do you have an emergency fund set aside? If not, can you make this a goal in 2026?
4 people like this
4 responses
@LindaOHio (210006)
• United States
5 Jan
Absolutely. My husband and I worked hard and always thought about retirement. We were blessed to be comfortable.
1 person likes this
@May2k8 (19512)
• Indonesia
4 Jan
at least I have the rest of my struggle for the next 10 years.
1 person likes this
@snowy22315 (201016)
• United States
4 Jan
Yes, but it could ave more money in it.
1 person likes this
@AliCanary (3540)
4 Jan
I'm very thankful that I did have money put aside, in a PayPal savings account with a much better yield than my banks would give me. It has come in handy since I have been unemployed.
1 person likes this