How Much Should Be In An Emergency Fund?
A little less than half of American adults have three months’ worth of living expenses saved, according to a 2023 report on emergency savings. If you find yourself in that group, you may wish you were better prepared to deal with unexpected expenses. There are many benefits to building an emergency fund, including breaking the paycheck-to-paycheck cycle and not having to use debt to cover a large cost. In this article, we’ll help you figure out how much you should save, and how you can reach your goal. Read more...