The more I thought about the benefits of an emergency fund, the more I realized I wanted to save more
After realizing the power of having an emergency savings fund, I set a goal for myself: Save $20,000 in six months. I opened a high-yield savings account so I could maximize the returns on my money-saving efforts without paying any fees. Ultimately, I achieved my goal by cutting expenses, increasing my income, and setting up weekly automatic transfers into my savings account. Visit Business Insider's homepage for more stories.
After realizing the power of having an emergency savings fund, I set a goal for myself: Save $20,000 in six months. I opened a high-yield savings account so I could maximize the returns on my money-saving efforts without paying any fees. Ultimately, I achieved my goal by cutting expenses, increasing my income, and setting up weekly automatic transfers into my savings account. Visit Business Insider's homepage for more stories.
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