New Year, New Financial Goals: 4 Easy Ways to Build Your Emergency Fund

By Texas Trust Credit Union | January 26, 2024

young lady looking at finances

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Start your new year off by creating an emergency fund. Be prepared for the future emergencies this year has in store. Don't know where to start? We’ve got you covered! Use this guideline as your roadmap to fund financial urgencies.  


Start Now

Start saving as early as possible. Even a small amount of monthly savings can add up. This allows you to really grow your money and take advantage of new opportunities like investing instead of emptying your savings with every unexpected expense. Saving is a great skill that begins as a habit and turns into a routine.   


Be Flexible and Consistent

The amount doesn't matter as much as getting started does. The real trick is to be consistent with putting away your funds. If you are looking to start stashing your cash in a major way, it's best to put at least 10% of your paycheck into a savings account.  


Automate Your Savings

Need help remembering to fund your account? That's no problem! Take advantage of an automated transfer service at your financial institution to help you stay on track. This way, you can sit back and watch your money grow without ever having to lift a finger! 


Don't Keep it All in One Place

Have some savings set aside for different goals like vacation, entertainment, and bills. This will make you less likely to grab from those savings for unrelated needs. 


With these tips under your belt, you’ll be saving big and with ease in no time. 

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