Emergency funds are important to your financial and emotional well-being. A savings of three to six months income can help you in times of job loss, illness, and unexpected expenses. Emergency funds can provide you with security and comfort.

To get your fund started or even to pad the account, Treasurer Cordray suggests saving some of the federal economic stimulus refund. See Don’t Buy the Hype for more information.

Flexo, a blogger from Consumerism Commentary, gives readers 50 ways to add to or establish an emergency fund. Some suggestions include drinking water rather than soda when dining out, consolidating student loans, and opening a high yield savings account. Read more here: http://www.consumerismcommentary.com
/2008/04/14/50-tips-to-help-establish-your-emergency-fund/.

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