Emergency Fund, Step by Step
By s k y l e r · Published · Updated
Work out your target amount, a monthly plan, and where to keep the money.
Tags: Savings, Finance, Planning
Prompt template
Help me build an emergency fund from scratch. 1. Work out my target: my essential monthly costs are [text: essential monthly expenses] and my income is [dropdown: very stable, fairly stable, unpredictable, freelance or variable]. 2. Check the pace: I can realistically put aside [text: amount per month] each month. 3. Tell me where to keep it. I'm in [text: country] and want the money accessible within a couple of days without it earning nothing. 4. Give me the timeline in months, plus two or three milestones worth celebrating along the way. If my target is more than two years away at this pace, say so and suggest what to adjust.