Part 5/9:
The ideal emergency fund is generally three to six months’ worth of essential expenses, depending on job stability. Avoiding the temptation to endlessly stack cash is critical; ensure you're progressing toward overall financial growth.
Month Four: Start Investing
With your emergency fund in progress, month four introduces the investment phase. Many people mistakenly believe investing is only something to consider once they have saved for years. However, starting sooner enables you to take advantage of long-term compounding.