The month of April is Financial Literacy Month! — Explore Free Resources & Event

Content Partner

Grade 9-12
,
Article

Emergency funds: The basics

Updated: March 24 2021,
Author: Voya Financial
Open Article

Emergency funds: The basics

Description

Are you prepared for unexpected expenses? 

You’ve heard it time and again: It’s important to set aside three to six months’ expenses for an emergency fund. Easier said than done, right? If you have a lot of debt, live on a fixed income or have unpredictable expenses, putting aside that much money can seem nearly impossible. The good news is you don’t have to do it all at once — even a little money in savings can go a long way. 

Subjects:
Personal Finance