The process to start an emergency fund involves calculating one month of essential expenses, setting a goal of three to six months of expenses, establishing an initial starter goal of $500 or $1,000, opening a separate high-yield savings account, and making the first deposit.

Authors

• Person: Not available Organization: Western & Southern Financial Group
  How to Build an Emergency Fund: Your Step-by-Step Guide

Sources

• How to Build an Emergency Fund: Your Step-by-Step Guide www.westernsouthern.com Western & Southern Financial Group via serper

Referenced by nodes (2)

• high-yield savings account concept
• emergency fund concept