Americans are facing higher costs today in almost every area of life — health insurance, groceries, housing and more. So it’s understandable that Bankrate's 2024 Annual Savings Report shows 27% of U.S. adults have no emergency savings at all — and a further 29% don’t have enough saved to cover three months of expenses.
Whether you’re building an emergency fund from scratch or trying to add to a small sum you’ve already managed to save, it can be hard going. We’re going to take a look at why your emergency fund matters … and how to use the 1-3-6 framework to build yours.
