How to get one

So, you want an emergency fund. You get one by...:

1. Set up a instant-access savings account in a SEPERATE bank than the one that you have it set up in already. This is to prevent you being able to easily move money to your checking/current account, which means it is easy to steal from your own savings. 

2. Decide on a specific number to save. This should be 3-6 months of your expenses. This means that the money should be enough to fund a critical home repair, or a new (used) car. 

3. Save a certain amount every month. Cancel as many subscriptions as you can, minimise energy usage, and see how much you can save.

 

Hope you found these tips useful, and good luck!