Comments on: How to Quickly Build an Emergency Fund https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/ Make More. Save More. Live Better. Thu, 13 Oct 2016 13:11:40 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Jason Butler https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/#comment-28808 Thu, 13 Oct 2016 13:11:40 +0000 http://www.youngadultmoney.com/?p=23264#comment-28808 Selling things was one of the ways that I was able to build my emergency fund. It’s amazing what people will buy.

]]> By: Michael https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/#comment-28751 Mon, 10 Oct 2016 19:17:07 +0000 http://www.youngadultmoney.com/?p=23264#comment-28751 Hi Rachel,

Nice post highlighting the importance of emergency funds and also practical set of ideas that can be used to build it up.

I used to automate saving a small amount of money from my paycheck directly into a separate savings account. This helped me build it up effectively. This was well over a decade back. This method still works.

You could augment with apps like Digit to accelerate saving money towards building up emergency funds.

–Michael

]]> By: giulia https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/#comment-28706 Sat, 08 Oct 2016 08:51:18 +0000 http://www.youngadultmoney.com/?p=23264#comment-28706 Totally agree with this post, I used most of all my emergency fund this summer for unexpected bills ( a lot of car repairs) however I tend to have side hustle jobs to save more quickly(dog sitting work in a cafe during weekends from the end of September until June), have periodically sort of shopping ban I have budgeting day once per week (with a lot of mess papers and headaches:P)….since I understood the importance to have a budget I understood the importance to have savings and emergency fund too!!!

]]> By: Lila https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/#comment-28703 Sat, 08 Oct 2016 05:54:47 +0000 http://www.youngadultmoney.com/?p=23264#comment-28703 I sold a bunch of stuff that I no longer used and then started picking up extra hours at work and quit eating out so much. The not eating out and extra hours helped tremendously. :)

]]> By: Rachel Foxwell https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/#comment-28696 Fri, 07 Oct 2016 22:57:45 +0000 http://www.youngadultmoney.com/?p=23264#comment-28696 In reply to Financial Panther.

Can’t forget about Uncle Sam! Side hustling has allowed me to save so much more than I would be able to if I just relied on my full-time job. Even making $100 extra a month adds A LOT to savings!

]]> By: Financial Panther https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/#comment-28681 Fri, 07 Oct 2016 15:21:04 +0000 http://www.youngadultmoney.com/?p=23264#comment-28681 Picking up a side hustle is a great way to build up your emergency fund because, if you’re paying all your bills with your regular day job, you can save 100% of your side hustle income. Your emergency fund will really build up fast if you are saving all of your side hustle income.

I’d just remind people that if you’re saving your side hustle income, you’ll have to get ready to pay taxes on it (which is another reason why it’s good to save 100% of your side hustle income in order to avoid unexpected tax hits).

]]> By: Rachel Foxwell https://www.youngadultmoney.com/how-to-quickly-build-an-emergency-fund/#comment-28680 Fri, 07 Oct 2016 15:19:07 +0000 http://www.youngadultmoney.com/?p=23264#comment-28680 In reply to Tia @ financiallyfitandfab.

Great idea on working the second job! Cutting $50 here and earning a few dollars more every month can build an emergency fund more quickly than you would believe!

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