Create an Emergency Fund
If the recent past has taught us anything, it’s that life is unpredictable. You
don’t know when a medical emergency, car repair, or job loss might occur. Emergency funds are a
safety net for you and your family. The general rule of thumb is to keep three to six months of
expenses in an account. You also want to keep your emergency fund in a liquid account such as a
Savings Account or
Money Market Account.