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How to Build your Emergency Fund

Family Balance Sheet

If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. Create a separate savings account and call it your Emergency Fund.

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How to Build your Emergency Fund

Family Balance Sheet

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account. A few years ago, our van needed four new tires to pass inspection.