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Why You Need an Emergency Fund and How to Start One in 4 Steps

Kuzey

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Staff member
Joined
Sep 6, 2025
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216
senior man saving for emergency fund

Creativa Images / Shutterstock.com

Unexpected emergencies — like when your tire blows out on the highway or you fracture your ankle on vacation — can be really stressful events. They also can be really expensive. And because you don’t often anticipate the worst-case scenario happening at any given moment, these unplanned events can steamroll your financial standing. That is, if you don’t have an emergency fund in place.
 
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