This Emergency Savings Fund Tracker Printable is a great way to prepare for the future. When it comes to having a savings account, knowing where and how to start can prove to be the hardest part!
When it comes to saving money, even the smallest bits add up. I’m always amazed at how many people say that they don’t have a savings plan in place. That used to be me many years ago, but even saying just $10 per week can add up over time!
You never know when an emergency is going to strike and that savings fun is going to come into use!
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Emergency Savings Fund Tracker Printable
Sometimes the hardest part is making a plan but having a printable can be so helpful. It’s an easy way to hold yourself accountable without making a huge financial burden or time commitment.
This printable is great for anyone starting out in wanting to save money or anyone looking for a simple way to get on track with their spending. You can use this printable in any way that you see fit in a way that’s going to complicate your tracking needs.
Be sure to check out my Simple Printable Grocery List as a great way to get organized and save money, too.
Recommended Budget Book or Planners
Get on track with your budget with these books or try managing your income and expenses with these budget planners.
My Money My Way: Taking Back Control of Your Financial LifeThe Total Money Makeover: A Proven Plan for Financial Fitness12 Month Budget Book & Financial Budget TrackerClever Fox Budget Planner & Monthly Bill Organizer With Pockets. Expense Tracker NotebookBudget Planner Bill Organizer Book – (Non-Dated) – Budget Ledger with PocketsBudget Planner – Budget Book, Undated Monthly Bill Organizer with Pockets
What is an emergency fund?
The biggest thing to keep in mind when having an emergency fund is that you decide how and what your emergency fund is.
An emergency fund is just that. A way to have money handy when emergencies happen. Your fund can be used for anything and everything that comes up and is saved until it’s needed to be used.
What is the easiest way to create an emergency fund?
Starting is the easiest way to create an emergency fund. The sooner that you start saving, the sooner that you’re going to have a fund in place to help out if and when you need it.
The great thing about using this planner is that it gives you options. You have the ability to track your current way of spending and plan to know what you’re actually able to save monthly.
A lot of times people think that they don’t have the ability to save any extra money but they really don’t know what they’re spending their money on. If they were to break it down and look at the expenses that they’re paying every single month, this can be a great way to get started saving right away.
How much money should you have in an emergency fund?
Any money is better than no money but the experts all seem to say the same thing. Having at least 3 months of your living expenses saved in case of emergencies is great, but having 6 months is even better.
Basically, the more that you can have saved, the more that you’re going to feel okay if and win something were to happen.
How do I calculate my emergency fund?
There’s no magical formula to calculating an amount to have in your emergency fund. Basically, the easiest way to figure it out would be to write out all of your must – have expenses and then multiply that by 3 or 6 months, depending on your goal.
Yes, I said must-have. Any expenses that are “needs” shouldn’t be factored in and need to be cancelled in true life changing events. Make sure that you’re always aware of subscriptions and things that you pay monthly for so that you can react and cancel as needed.
How long should it take to save an emergency fund?
Your goal is to be able to save this as quickly as possible. For most people, this can take anywhere from 12-18 months of time. Sometimes shorter, sometimes longer.
Why do you need to save money in an emergency fund?
This is a valid question that a lot of people have. An emergency fund is something that you hope you never have to use. But let’s be honest. Life happens.
The whole point of having a savings in place is for if and when the expected happens. Losing a job, having to move suddenly, coming down with a sickness or an illness, sudden bills – all reasons that you want to have a bit of a savings buffer in hand.
There are a lot of people that don’t ever end up starting an emergency fund because they have that “it’s not going to happen to me” mentality. And the truth is that it may or may not ever be needed but it’s nice to have, just in case. (and let’s face it – if it’s never needed, you can then just count it later down the road as a path towards your retirement!)
How do you start an emergency fund?
It’s actually not that hard to get started. You don’t have to do anything to move mountains or anything like that. Using this awesome emergency savings fund tracker printable is a great way!
It is important to have a good mindset to start saving or you’re going to not end up following through. Some people will start to save and then just feel like it’s pointless and then just turn around and stop saving or spend the money. Don’t do that. You really might need this money at some point in time in the future.
Grab your Emergency Savings Fun Tracker Printable Below
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