How much should you save?
A savings account is good for an “emergency fund” but saving does not build your wealth.
Building an emergency fund of three to six months’ worth of living expenses is the cornerstone of financial security. This cash buffer acts as a vital safety net against unexpected life disruptions—such as job loss, sudden medical bills, or major home repairs—preventing you from relying on high-interest credit cards or liquidating long-term investments during market downturns. Beyond the financial shield, maintaining this liquid cushion grants invaluable peace of mind, allowing you to make career and life decisions from a position of stability rather than panic.