Personal and Family Finance


NDSU Extension PFF Header

| Share

Save for Emergencies

Are you one of the 66 percent of Americans who have sufficient emergency funds?

If not, America Saves Week, Feb. 27-March 4, is an opportunity for you to get started. 

America Saves Week (, sponsored by the Consumer Federation of America,  promotes good savings behavior. About 25 percent of those savers who take the saving pledge chose “emergency savings” as their first wealth-building goal.

An emergency savings fund is money that can be accessed easily in case of an emergency. A lot of experts suggest having enough money in an emergency fund to cover three to six months of expenses. However, just having something is better than nothing. Start with $500 to $1,000 in an account for unexpected expenses such as a car repair, doctor visit, dental expenses or broken appliance that needs to be replaced.


  • Make sure you can get to your money in case of an emergency. Choose a savings account that does not penalize you for making withdrawals.
  • Automate your savings. Have a certain amount of your paycheck, say $100 a month, deposited into a savings account.
  • Take the America Saves pledge ( today.

Creative Commons License
Feel free to use and share this content, but please do so under the conditions of our Creative Commons license and our Rules for Use. Thanks.