Emergency Fund Tips | Kerishco Financial Services
Learn how to start and grow an emergency fund, even if money is tight.An emergency fund is your financial safety net. Without it, unexpected expenses can derail your budget and force you into debt.
Powerful Closures: Leaving a Lasting Impression
An emergency fund is your financial safety net. Without it, unexpected expenses can derail your budget and force you into debt.
Step 1: Start Small
Aim for $500 as your first goal. Even $5 a week adds up over time.
Step 2: Make It Automatic
Direct a portion of each paycheck into a separate savings account.
Step 3: Cut One Expense
Cancel unused subscriptions or cook at home instead of eating out — then save the difference.
Step 4: Use Windfalls Wisely
Tax refunds, bonuses, and extra income should go straight into your emergency fund.
Conclusion:
You don’t need a huge salary to protect yourself from life’s surprises. Start today, and your future self will thank you.