Finish saving up for your emergency fund

Instructions

  1. Calculate the amount of money that can fund your expenses for 3-6 months.
    Multiply your monthly income by six.

  2. Determine when you expect to complete your emergency fund.

  3. Decide what period you’re going to save for your emergency fund.
    It could be daily, weekly, monthly, etc.

  4. Decide how much you are willing to save for that fund in your chosen period.

  5. Use the emergency fund only when a true emergency hits you.
    This includes paying medical bills after an accident or illness, losing a job, or when a car that you need to function is damaged.

Insights

No insights yet

Take action!

Our mobile app, Mentorist, will guide you on how to acquire this skill.
If you have the app installed
or