13. An emergency fund will help you sleep at night. - Deepstash

13. An emergency fund will help you sleep at night.

You’ve probably noticed that life is unpredictable. You just never know what might be lurking around the bend. In fact, it’s impossible to predict the future, so don’t try.

Instead, make provision for the future. One way you can do this is to establish an emergency fund.

Begin by saving a percentage of every paycheck and set it aside for your emergency fund. You can start off small and increase the percentage over time.

Aim for one month’s expenses in a safe place. Then aim for two months, and eventually work up to six months.

200

241 reads

CURATED FROM

IDEAS CURATED BY

nishish71

Hi, I am Nishi, A Passionate Freelance Writer, blogger, Reader, Learner and Traveller, Thanks! My Blog: https://www.meliorismlaconic.com

The idea is part of this collection:

Digital Wellbeing

Learn more about personaldevelopment with this collection

How to manage digital distractions

The impact of technology on mental health

The importance of setting boundaries

Related collections

Similar ideas to 13. An emergency fund will help you sleep at night.

Create an Emergency Fund

Create an Emergency Fund

You can't predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months of living expenses.

Common financial emergencies include job loss, natural disasters and car, house and health issues.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates