Do you have an emergency fund or
an emergency fund goal?
Setting
an emergency fund goal of $ 1,000 provides enough cushion to cover most minor emergencies and allows you to more quickly pay off the debt in your debt snowball.
Figure out what you can save and make a plan to put money away every week or month until you have reached
your emergency fund goal.
«Invest» that $ 300 monthly until you reach
that emergency fund goal.
Set a six month savings schedule that allows you to set a little bit aside every month in order to meet
your emergency fund goal.
Get a little closer to
your emergency fund goals.
I passed
my emergency fund goal earlier this year and started saving in my Liberty Fund, a $ 30,000 bank account that will cover almost anything that comes up.
Once you reach
your emergency fund goal, you shouldn't stop saving.