Building up your savings isn’t easy. After all, a whopping 62 percent of Americans have under $1,000 in savings, found a GOBankingRates survey. And, only 14 percent have $10,000 or more.
But having a significant amount of money saved is extremely important, especially if an emergency hits. To make sure you’re financially covered if you lose a job, get in a car accident or need to do a major home repair, it’s a good idea to have at least $10,000 in the bank solely for emergencies. To help you reach this goal, follow this step-by-step guide for creating a $10,000 emergency fund.
