This is a continuation from my first post on What is an Emergency Fund and Why You Should Have One. This post is going to show you some tips and ideas on how you can start to build your emergency fund if you have yet to do so
(Image source: http://www.inc.com/magazine/201405/alexa-von-tobel/need-for-freedom-fund-savings-living-expenses.html)
Move your emergency fund to a separate account
As a first step, it would be good to move your emergency fund to another bank account instead of the one that you regularly use. This is clearly show the amount that you have set aside for your emergency fund as well as preventing you from “accidentally” using the money for your regular day-to-day activities or thinking that you have more money to spend than you really do.
Stash away your bonuses
This is one good way to start building your emergency fund. Depending on the amount of bonus …