Building an emergency fund is crucial for unexpected expenses, like job loss or medical bills. Aim to save 3-6 months of living expenses. Start small by automating transfers to a savings account. Cutting unnecessary expenses, like daily lattes or unused subscriptions, can also free up cash for savings. Consider a high-yield savings account to earn more interest on your money. Remember, consistency is key. Even small, regular contributions can add up significantly over time, providing peace of mind and financial stability.
