Target the right number
- Add rent/mortgage, utilities, food, transport, insurance, minimum debt.
- Multiply by 3‑6 based on job stability and dependents.
Fast‑track tactics
- Temporary 60‑day "sprint budget."
- Sell 3‑5 high‑value items.
- Redirect tax refunds/bonuses.
- Take a short‑term side gig; earmark 100% to the fund.
Where to keep it
- High‑yield savings, not invested. Must be liquid and safe.
Milestones
$1,000 starter → 1 month → 3 months → 6 months.
Frequently Asked Questions
Is 12 months overkill?
For volatile income or single earners, consider 9‑12.
Should I invest it?
No—this is for emergencies, not growth.
Can I use it for a car?
That's a sinking fund, not an emergency.