EMERGENCY SAVINGS

emergency savings - for the "what-ifs"

an emergency fund is the first step to financial peace of mind.  we help you build a “rainy day” fund of 3–4 months of expenses, based on your career and needs. we can set up automatic transfers into a brokerage account, making saving effortless. once that’s in place, we’ll then help you focus on your bigger financial goals.

"rainy day" funds

life throws curveballs, and an emergency fund helps reduce stress. we typically suggest an emergency fund of 3-4 months of expenses, depending on where you are in your career.

automate savings

saving is much easier when it's out of sight and out of mind. we set up automatic withdrawals from your bank to your brokerage account (your emergency fund, invested in a money market fund). this way, your emergency fund grows quietly in the background. our logic -- you won’t spend the money, if you can’t ”see” it!

a short-term goal for long-term gains

think of setting up emergency funds as a short-term goal. building your emergency savings is one of the smartest first steps towards financial freedom. once that is in place, you can then start investing for your intermediate to long-term goals, like home buying, college savings, or retirement.

case example

one of our clients struggled with expenses and was unable to set money aside for emergencies. after analyzing her finances, we learned that she had only $400 left over every month. we set up an individual brokerage account in her name and had $300 automatically deducted monthly from her bank account to the brokerage account. as her income grew, so did her monthly contributions, so we moved it up to $500 a month to eventually reach her emergency fund goal of $10,000 for 3 months’ worth of expenses.