An emergency fund. Everyone should have one. Financial experts recommend that an emergency fund should cover at least three months of your normal expenses. In today’s economy when the majority of Americans are living paycheck-to-paycheck and strapped with debt, building an emergency fund takes time and self-discipline. It isn’t easy and sometimes takes sacrifice. Once you do have an emergency fund in place — no matter how big or small — there is a sense of accomplishment and rightly so!
But what happens if you need to use the emergency fund? Let’s say you have emergency expenses: major home or vehicle repair, a medical emergency, a speeding ticket, an unexpected bill, whatever it may be. Emergency funds exist for this exact reason! Once you use your fund, you will need to rebuild it. Don’t be discouraged, though. Here are 5 ways to rebuild your savings after an emergency.