Emergency Savings Quotes

It may take you months or even a few years to build up an adequate emergency savings fund. That's okay.

Managing and navigating through a financial crisis is no fun at all.

Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.

Money you know you need or want to spend in the next few years is savings. Money you keep handy for an emergency belongs in savings. Money you hope to use soon for a down payment on a house belongs in savings. And all savings belong in a low-risk bank savings account or money market account.

Do you have an emergency fund? If not, build one - aim for three months of expenses to start, then boost it to six. It will ease your anxiety and get you out of a potential jam.

If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.

You have no control over the market. You can't predict where it will go, and you can't bring it back from the depths. What you can do is save more. Make sure you have cash on hand - an emergency fund of at least six months of expenses.

There are two things that you need to save for. First, you need an emergency cushion of no fewer than six months of living expenses. This needs to be cash in a liquid account where you can get at it in - yes - an emergency if you need it. In other words, money markets, not CDs. You also need to save for your future: that means retirement.

I feel very strongly we need to do a better job with the rainy day fund.

We never intend to lose our jobs, break up with our live-in loves, or face any number of the curveballs life throws our way. But they happen all the same, so have a bailout plan just in case. Sounds corny, but I call this the 'freedom fund' because it gives you the freedom to get out of a jam without climbing into debt.

Never invest emergency savings in the stock market.

If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do.

Economic security can feel like an impossible goal when you're living paycheck to paycheck, deciding between paying the light bill or the water bill, knowing the decision to pay either one may mean you can't put food on the table.