There are many different building blocks you need to establish a foundation for financial security. One of the most important is an emergency fund. An emergency fund ensures you’re prepared for unexpected expenses so you don’t find yourself in debt — or worse — because of a lack of money when you need it.
While most people have heard they need an emergency fund, the majority of Americans don’t actually have one. If you’re lacking an emergency fund, you’ve come to the right place. Read on to find out everything you need to know about creating an emergency fund to serve as a safety net and give you peace of mind.