The Standard Advice

Most financial advice says to save three to six months of expenses. That's not a bad starting point, but it treats everyone's situation the same way.

Factors That Change Your Number

Job stability matters a lot. If you work in an industry with frequent layoffs or you're self employed, you probably need more cushion.

Getting Started

If you're starting from zero, don't let the big number paralyze you. Start with $1,000. That covers most minor emergencies like car repairs, unexpected medical bills, and home fixes.

The Peace of Mind Factor

Having an emergency fund changes how you experience money. Unexpected expenses stop being crises and become inconveniences.