How to Build an Emergency Fund from Scratch: A Step-by-Step Guide
Unexpected expenses can throw even the most careful budget off track, which is why having a small cushion matters more than most people realize. Building an emergency fund isn't just for financial experts or high-income earners. It's a critical safety net everyone deserves, regardless of your current bank balance. The good news? You don't need thousands to start. The path to financial security begins with just a few dollars and one simple decision: starting today . Why Every Adult Needs an Emergency Fund If you're struggling to save money, you're not alone. Many adults find it challenging to build up their savings accounts, and financial emergencies remain one of the top causes of stress in our lives. An emergency fund is essential when life throws unexpected expenses your way, like medical bills, unexpected car repairs, or sudden job loss. Without this buffer, many people turn to credit cards or high-interest loans, creating a cycle of debt that's har...