Infographic: How To Build Your Emergency Fund

23

MARCH, 2018

AK Equity Group

Building up your emergency fund may seem like a daunting task, but it’s well worth the effort. Today we share tips and strategies to help you get started and build gradually in a way that makes sense with your financial goals.

An emergency fund is a portion of money set aside to cover unforeseen short-term expenses, such as job loss or a flooded basement. It is typically an amount equal to 3-8 months of your daily living expenses, and would allow you to maintain your lifestyle through a time of fluctuation in your finances.

Read more on the benefits and structure of an emergency fund here.

How to build your emergency fund

If you currently don’t have a separate emergency fund, you can start building one today, using the following strategies.

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