You are here: Home / Archives for Emergency Fund

The Bank Account Buffer: How to Build a No-Hassle Money Management System, Part 2

January 17, 2012 By 16 Comments

By the end of this four-post series, you’ll have a map for a hassle-free financial system that puts your day-to-day money issues on autopilot, letting you worry about more important stuff like developing your career, earning more money, and … [Read more...]

Emergency Funds: Everything You’ve Ever Wanted To Know

October 20, 2011 By

Note from David: Wherever you are on the journey to "getting better with money", the concept of an emergency fund---rainy day savings that will be there for you in case the unthinkable happens---is critical. I know, I know, it's personal finance … [Read more...]

How Much Do You (Really) Need in an Emergency Fund?

April 21, 2011 By

One of my goals for this blog is to try to provide authoritative answers to some of the most commonly asked questions about money. One such question is: “How much do I need to save in an emergency fund?” Long ago, I answered that … [Read more...]

Should You Grow Your Emergency Fund or Pay Off Student Loans?

January 4, 2011 By

My last post, Six (and a Half) Steps to Financial Stability, provided some guidelines for creating financial priorities. Today I want to follow up on that post with a real life case-study in which I apply these steps (and go a little further). … [Read more...]

Steven Slater Proves It: You Need an F-You Fund

August 12, 2010 By

I love the Steven Slater story. In case you’ve had your head in the sand for the past few days, here’s the quick version: Slater was a Jet Blue flight attendant who had a really crappy Monday at work. After an altercation with a defiant … [Read more...]

Three Little Ways to Boost Your Emergency Fund

May 17, 2010 By

An emergency fund is the foundation of financial security. But whether you’re an I-Banker or starving artist, it’s never easy to sacrifice daily expenses now to build that emergency fund for later. We all want to save that extra cash each … [Read more...]

Should You Be Reluctant to Use Your Emergency Fund?

May 11, 2009 By

The goal of having an emergency fund is two-fold. For one, your emergency savings can replace your income (at least for a few months) should you lose your job. But an emergency fund has another equally-important function: to allow you to pay for … [Read more...]