How to save your 12-month emergency fund

How to save your 12-month emergency fund

Have you ever thought about creating a 12-month emergency fund?

Based on the current job market, a hefty savings plan could be helpful in preventing stress in the long run.

Here’s how to get one started on a 12-month emergency fund

1. Understand why having a 12-month emergency fund is important to you. It's a safety net when uncertainty hits without warning.

2. Determine your monthly income and track your monthly income regardless of the number of income sources.

3.Figure out your monthly expenses.

4. Determine how much you want to put into your 12-month emergency fund

5. Regularly put away money toward your emergency fund.