Life has a way of surprising us, and not always in fun ways. A flat tire, a medical bill, or even a sudden job change can throw your budget off balance. That’s why having an emergency fund isn’t just smart, it’s essential. Think of it as your financial safety net, ready to catch you when life throws a curveball. Here’s how to start building one today:

Know Your Numbers

Before you can start saving, you need to know what you’re saving for. Take a good look at your monthly expenses—rent or mortgage, utilities, groceries, car payments, subscriptions, and anything else that pops up regularly.

Many people underestimate this number, but getting a clear picture helps you:

• Set a realistic savings goal
• Spot areas where you might trim back
• Feel more confident about your money

Pro Tip: Use our "Build Your Emergency Fund" Financial Wellness Coach to start answering these questions.

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Pay Yourself First

Saving can feel tough, but here’s a simple trick: treat your emergency fund like a bill you can’t skip. Set up automatic transfers to a savings account every payday. Even if it’s just $25 or $50 to start, consistency is what builds momentum. And if the money is moved right when your paycheck lands, you won’t even miss it.

Pro tip: Keep your emergency fund in a separate savings account, ideally one with a competitive rate (like our Money Market or Share Certificate), so it grows while staying easy to access when you need it!

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Choose Your Cushion

Financial experts usually recommend setting aside 3 to 6 months of expenses in your emergency fund. That way, if something unexpected happens, you’ve got breathing room. If you’re part of a two-income household, three months might feel comfortable. However, If you rely on one income or work in an unpredictable industry, six (or more) months is a safer bet. Think of this as tailoring your safety net to your lifestyle.

Pro Tip: Check out our Emergency Fund Calculator to start plugging in your numbers.

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The Payoff

Here’s the thing: emergencies are stressful enough. The last thing you want is money stress on top of it. An emergency fund gives you peace of mind, freedom, and confidence that you can handle whatever comes your way.

So, start small, stay consistent, and watch your safety net grow. Your future self will thank you!