Read Time: 4-minute article How much should I save in an emergency fund? This content is categorized as: Plan for retirement Unexpected events can quickly disrupt your life and derail your financial plan. Without a safety net, these expenses may force you to tap into savings or increase credit card debt, possibly leading to more stress during a challenging time. By building a solid emergency fund, you can help protect yourself from these financial shocks and keep your goals on track. Since everyone’s situation is different, the amount of money that is needed to build an emergency fund will be unique to your personal lifestyle and budget. Here are some guidelines to help you determine what amount can help provide you with greater financial security and peace of mind. What is an emergency fund? While the name itself describes what
