Emergency Fund

Create an Emergency Fund - Prepare for the UnexpectedOpen an Account

A big tax bill. A new roof. Do you know how you're going to pay for unexpected expenses? Most financial experts agree, a smart place to start is creating an emergency fund. Help make sure there's extra money there when you need it.

Need to know more?
Get a handle on expenses. Use our budget worksheet »

Save enough money to cover at least three to six months of living expenses like mortgage, utilities, car payments, credit card payments, and food.

Did you know?
Did you know?
34% of Americans report experiencing an unexpected expense in the past year that seriously set them back financially.*
*Pew Research Center, "We Try Hard. We Fall Short. Americans Assess Their Savings Habits" 2007
1Revisit Expenses

Get a handle on current spending and expenses. Use our budget worksheet to help you decide how much is right for you to save.

2Save, Save, Save

Save on a regular basis. Need ideas? Try setting aside your next tax refund or bonus from work as a start.

3Keep it Accessible

Choose investments and savings accounts that are easily accessible without penalty.

4Lower Risk

Select lower-risk investment products that won't typically experience big swings based on the market - or bank savings accounts, cash management accounts, or CDs.

Learn more about how banking products may help you get your emergency fund started.

The Merrill Edge Solution
Access to Research
  • Access to research, tools, and resources to help investors manage their finances, and help you create your emergency fund.
  • A range of investment choices to help you pursue your goals, including our Merrill Edge Diversified PortfoliosTM.
Tools & Resources:
Prefer to invest with guidance?
Open an Account with the Merrill Edge Advisory Center. A Financial Solutions Advisor can help. $20,000 to invest gets you started. Learn more » 

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