Step #8:
Sock it Away for a Rainy Day

Too many people find themselves having to resort to loans when faced with an emergency. Please don't let that happen to you. Be sure to start an emergency fund today!

You should have at least 3 to 6 months of immediately available savings in the event you lose your job, have a health emergency that’s not covered by insurance, or experience some other type of catastrophe.

Yes, it will take money away from some of your other saving efforts ... but don’t be penny-wise and pound-foolish. Get your rainy day money set up properly and THEN you can focus 100% on your other financial goals.

You can quickly calculate exactly how much you should put away with our quick-and-easy worksheet, How Much Do I Need for Emergencies?

Next: Step #9: Highlight Your Golden Years

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