By: K.H. Smith
If you don’t have an emergency fund, you can really get into trouble with debt quickly. Ideally, you want to have 3-6 months of your monthly expenses set aside for emergencies. Preferably in an account that is not readily accessed, so you are not tempted to tap into it. But if you are just starting out on the debt-free journey, a $1000 savings is a good buffer. Most emergencies, such as car repairs, ER copays, and home repairs are less than $1000. So let’s figure out how to get $1000 into your savings account!