6 simple steps to jump-start your emergency fund

Saving several months’ worth of living expenses for an emergency fund can be intimidating, especially when it feels like all of your available cash is already accounted for, each month. If your monthly living expenses came to $2,000, for example, it would take time to save $6,000, or three times your living expenses—the low end of the typical range for an emergency fund. Following these six simple steps can help you get started on building a reserve of cash, bringing with it greater financial security and peace of mind.

Read this lesson to see the 6 steps to most effectively build your emergency fund.