When should you spend your emergency fund?

And how do you build one in the first place? [The Penny Hoarder Daily]( [How to start an emergency fund]( [Build Your Bank]( [How to start an emergency fund]( Putting $1,000 away in an emergency fund today could save you thousands in the long run. Think of it as building your own rock-solid bank to draw on if disaster strikes. [Follow our guide]( to quickly build a just-in-case fund, no matter what your budget looks like right now. [Start Saving for Emergencies](   [When Should I Spend My Emergency Fund?]( Is today really the rainy day you've been saving for? In other words, not all emergencies are created equal. Our guide will tell you when you should dip into your emergency fund and [when you should turn to other resources](.   [Mid-Year Financial Review: Credit Health Check!]( [Mid-Year Financial Review: Credit Health Check!]( We're wrapping up our first week of our mid-year financial review, which covered budgets and emergency funds. Tune in next week, and we'll be talking about [managing your debt and improving your credit score](.   [Money Secrets the Rich Use to Build Wealth]( Rich secret no. 1: Avoid paying credit card interest. Rich secret no. 2: Get paid for your opinions. Want to strengthen your budget like rich folk do? Check out our article where we spill even [more secrets of the wealthy worth emulating](. [Ask these companies for money when you can't pay your bills]( [Why This 10-Day Savings Challenge Is Going Viral]( Probably because folks love it when they can stop overpaying online retailers, credit card companies and insurance companies. And that only covers three days of this viral savings challenge. Join in and see how much you can [boost your budget in under two weeks](.   [TikTok Gets LOUD About Budgeting]( We're not the only ones getting loud about budgeting. Loud budgeting is a fresh TikTok trend that emerged just this year, and we're here to help [explain this latest (and loudest) social media trend in personal finance](.   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](