4 easy tips to help you start your emergency fund in as little as a couple months!

Create an outline of your budget

Create a detailed outline of your budget. Develop a savings goal that you can realistically achieve each month. For example, start with a savings goal of $100.  In 12 months, you would have saved $1,200.

Identify your essential needs

Find things that you can cut from your budget. For example, eating out every day or purchasing coffee every morning. Ask yourself, can I Iive withoutout these things? Calculate your savings after each deduction. Add that amount to your emergency fund.

Set up automatic transfers

If you receive direct deposit, set up an automatic transfer deposited directly to your emergency savings. The amount could reflect a percentage of your paycheck or a dollar amount. This will help you save more
consistently.

Safe guard your emergency funds

Keep your emergency funds in a location that is easily accessible, but away from temptation. Consider placing your funds in an interest- bearing account. Contact your bank to learn more about your options.