Build a six-month emergency fund

Idea 077 of 100

Build a six-month emergency fund

The most underrated form of freedom is being able to leave.

A cash buffer is not really about emergencies. It is about the quality of the decisions you can afford to make.

Automate it: a standing transfer on payday into an account with friction, before anything else moves.

Six months of essential costs, not six months of your current lifestyle. Work out the real number this week.

Build a six-month emergency fund, 1
Date it.
Build a six-month emergency fund, 2
Do it.
Build a six-month emergency fund, 3
Done it.

How to actually do it

  1. 01Calculate six months of essential outgoings.
  2. 02Open a separate account you cannot spend from easily.
  3. 03Set a standing transfer for payday and forget it.

You already know if this is the one. Go put a date on it.

Date it in the app

Send it to whoever came to mind.

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