MONEY · SAVINGS

Build an Emergency Fund

Start with $20 a week. Five steps that work on a tight budget.

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ENTRY 01 · SAVINGS

$1,400

THE REPAIR

One car repair on a credit card can follow you for months. A small cushion changes that.

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ENTRY 02 · SAVINGS

$500–$1,000

START SMALL

First goal. Then one month of essentials, then three to six months.

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ENTRY 03 · SAVINGS

$250,000

WHERE TO KEEP IT

FDIC-insured savings: deposits are protected up to $250,000 per depositor, per bank.

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ENTRY 04 · SAVINGS

$20 a week

AUTOMATE IT

Move it the day after payday. Small and automatic beats big and occasional.

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ENTRY 05 · SAVINGS

Real emergencies

WHAT COUNTS

Job loss, medical bills, urgent car or home repairs. Sales and vacations do not.

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FINAL ENTRY

Build the cushion before you need it.

The full guide: how much to save, where to keep it, and a plan for a tight budget.

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Photo: stevepb / CC0. Facts checked against official sources. Not financial or legal advice.