5 Steps to Build an Emergency Fund and Why You Need One

One of the most important things you can do for your financial well-being is to establish an emergency fund. An emergency fund is a stash of cash set aside to help you weather unexpected financial storms, such as a job loss, medical emergency, or car repair. Without an emergency fund, you may be forced to rely on high-interest credit cards, loans, or even dip into your retirement savings. In this post, we'll discuss the five steps you can take to build an emergency fund and why it's essential.