How to Build an Emergency Fund

Having an emergency fund is one of the most important steps you can take to build financial wellness. More than half of working adults don’t have enough savings to pay unexpected bills for things such as car repairs, broken home appliances, a job loss and health care expenses. That’s why it’s important to have savings set aside to cover these unwanted, yet inevitable, expenses. Blue Cross Blue Shield of Michigan’s Jeff Rubleski, a Certified Financial PlannerTM, shares how much you should have in your emergency fund and steps you can take to start building your fund to cover unexpected expenses. It’s important for everyone to take a moment out of their week to focus on themselves and de-stress. Join your virtual well-being coordinator Matt Wozny for a six-minute meditation about the importance of making time to simply focus on yourself.
MI Blues Perspectives is sponsored by Blue Cross Blue Shield of Michigan, a nonprofit, independent licensee of the Blue Cross Blue Shield Association