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4 Strategies You Can Use to Build an Emergency Fund

4 Strategies You Can Use to Build an Emergency Fund

Pin1ShareTweetShare1 SharesThis is post is contributed by Katie Scarlett Needs Money friend Sherry Jane. The year 2020, in its seeming entirety, is a stern reminder that we all need to set aside an emergency fund. Having money may not solve all of life’s uncertainties, but it can help tide one over during a difficult financial situation.   Emergency savings is different from ‘regular’ savings, and these funds should ideally be stored in separate bank accounts. The money held in a ‘regular’ savings account may be used for a much-awaited trip or to buy an item to commemorate a professional milestone;

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Katie Scarlett

is a personal finance advocate working towards achieving financial independence and early retirement (FIRE).

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