Part 6/8:
Since an emergency fund is not meant for everyday access, it’s important to find a savings account that offers both easy access and a decent interest rate. Consider using accounts like Trading 212, which currently offers favorable rates. Always ensure your chosen account aligns with your needs and financial goals.
3. Automate Your Savings
Automation can simplify the saving process. By setting up automatic transfers from your checking account to your emergency fund each payday—even small amounts—saving becomes a habitual practice. This method ensures you won’t spend what you intend to save.