Having some extra funds available for emergencies is an essential component of your overall financial well-being, with enough cash to cover three to six months of expenses being a common recommendation. For many people, though, that can add up to an intimidating number — and can discourage even the best-intentioned saver.
But don’t give up before you start! The game of saving is mostly psychological — and you can win it. Even if you’re starting from zero, regularly setting money aside — even in small amounts — will eventually get you to your goal. It just takes time and a little discipline.
If you’re ready to begin — and especially if you think you can’t — here are five suggestions that might make building your emergency fund easier.