Pro tip: My emergency fund hit 6 months of expenses last week

It's a huge relief knowing I could cover a major car repair or a job gap without going into debt. I got there by auto-transferring $200 from every paycheck into a separate high-yield savings account. Anyone else have a different target number they're aiming for?

3 comments

3 Comments

smith.anna20d ago

That's a solid system for building security. The real peace of mind comes after you hit that goal and can start focusing on other money goals. It feels like a weight is lifted for sure.

rubyshah20d ago

So when does the weight get replaced by the panic about what to do with the money next?

adamk9520d ago

Yeah, that next step panic @rubyshah mentioned is real. Just pick one simple thing like a retirement account and start putting a small amount there, it gets easier.

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