Build an Emergency Fund

Build Your Emergency Fund

An emergency fund is a vital lifeline when faced with unexpected bills, financial situations, or lost income. The ideal amount to save is six times more than your regular monthly income. This is obviously not going to happen overnight in most cases so we highly encourage you to start putting away what you can as part of your monthly budget Planning a monthly budget can seem daunting but it is simpler than it may seem. Be sure to check out our Budget Calculator to help you get started. Open an emergency fund savings account that will help protect you and help grow your community by becoming a solidarity member today!

Be sure to check out this more comprehensive article, from our financial education partner Banzai, on building an emergency fund. If you are facing an emergency right now without an emergency fund built up, this article may help you come up with a plan to tackle the immediate concerns.