When you’re building a long-term emergency savings fund, the goal is to have enough money to cover your
expenses (not your full salary) over several months if your household income is interrupted.
• If you have a budget, you already know your monthly expenses—housing, food, utilities, debt repayments,
transportation costs, insurance and all of your other “must-pay” bills.
• If you haven’t calculated your monthly expenses, ask your financial coach to review the budgeting resources
with you and take time to develop a budget.