Tips to Help You Fund (and Keep) Your Emergency Fund

Jen SmithPersonal Finance, Savings15 Comments

Emergency Fund Tips

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Everyone who’s ever had an emergency will tell you money is key to making good decisions. We make bad financial decisions when we’re broke and desperate.

That’s why having an emergency fund is vital to starting any journey in finance.


We currently keep a mini emergency fund of $1000 while we’re paying our debt and so far it’s worked out great.

But it’s hard to save, hard to know how much to save, and then you’ve got the temptation of $1000 sitting in your bank account screaming to be used. Here are some tips we’ve used to save and keep our emergency fund.

A note to those on the other end of the spectrum, nervous about draining your savings that low, trust me when I say you’ll be fine, just breathe, commit, and lean in. For the rest of us:



Tired of hearing about budgets yet? It’s like being on a diet and getting reminded over and over that you can’t have dessert. But the budget is the key to achieving your goal. Without a budget, your money will get lost in other “important” purchases and you’ll be wondering why you’re 6 months in and no richer than you were to start. Start that budget!


Sell Something

We sold old textbooks, clothes, furniture, even a toaster. Anything that wasn’t vitally essential to our comfort had to go. Craigslist is a familiar place to start but there are plenty of ways to sell stuff without leaving the couch. OfferUp is an app that allows you to post and put offers on items in your area and you can sell your clothes online to sites like ThredUp or Poshmark.

Related: Buy Clothes, Save the World

Drop the NonEssentials

Cable, your landline, gym membership, any and all subscriptions, you name it. We have money flow out of our accounts that we barely think about. Look through your statement and consider relinquishing one or two things.

It doesn’t have to be forever but you may realize you didn’t need it as much as you thought you did.


Commit to not Spending for a Period of Time

If this girl can go without shopping for 2 years then you can go for a month. There are all kinds of things you can fast for a period of time that wouldn’t be sustainable long term but are realistically doable for 1-4 months. Eating out, coffee, alcohol, the bargain bins at Target, these are luxuries you can’t afford if you don’t have money saved for legit emergencies.


Now that you’ve got you emergency fund:

Keep your emergency fund out of site and out of mind. I like to say “don’t give yourself more credit than you’ve earned.” Open a credit union account that doesn’t charge fees for just letting your money sit in checking. Leave the card at home. I leave mine in the inconvenient file folder with the rest of my financial documents.

Then go pretend it doesn’t exist. It’s there if your car dies, you have to make a trip to the ER, your pet eats that leftover chocolate cake you left on the counter (how dare you.)

Running out of something isn’t an emergency; paying rent isn’t an emergency.


These are things that should be in your budget. Don’t give yourself the temptation to spend your emergency fund, you’re not going to be perfect so put parameters on your money to help yourself succeed.

Tips to Help you Fund (and Keep) your Emergency Fund

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15 Comments on “Tips to Help You Fund (and Keep) Your Emergency Fund”

  1. This is a great list and so helpful! I went a full year without buying anything new as well. It was an interesting experience and taught me a lot about my spending habits. Great post!

    1. Wow! I am interested in trying it for a month to see how it goes. A year is an amazing feat. Congrats!

  2. We have implemented MANY of those same tips over the past year and have grown not only our emergency but savings fund as well!! It is so exciting to see the numbers increase 🙂

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