How Much Should Be In Your Emergency Fund

I use affiliate links for my favorite companies. If you click and purchase, I may receive a small commission at no extra cost to you. I only recommend companies I have personally used & love.

If you have been following me for a while now, then you should know how passionate I am about having an Emergency Fund. I even have a whole series called the ‘Emergency Fund Savings Challenge’. Having an emergency fund is so important because you never know when you might need it, that’s why it’s called an emergency because it occurs at the most unexpected moment. Emergency funds can save you when your car suddenly breaks down and needs to be fixed, or when you suddenly lose your job–which is common these days as the economy is struggling after being kicked down by the global pandemic,–I could go on and on about how you need an emergency fund! And no, your credit card does not count as an emergency fund!

Okay, now that you understand how much you need an emergency fund in your life, let’s talk about how much you need to set aside as your emergency fund. Don’t worry the video has subtitles so no sound is required.