emergency fund / emergency preparedness / income tax / saving / taxes

Easy way to build an emergency fund

According to the IRS, around 72% of Americans received a refund on their taxes in 2019. This extra cash may be the largest check some people receive all year and can be a perfect opportunity to start—or grow—your emergency savings funds.
Learn how your tax return can kickstart your savings. The Consumer Financial Protection Bureau’s guide walks you through some fast and easy ways to use your tax refund to increase your savings.
Watch the short video and read the CFPB Tax Guide

Sign up for the CFPB Savings Boot Camp, a six-step email course to help you on your savings journey. 

Building an Emergency Fund: 
Setting up a dedicated savings or emergency fund is one essential way to protect yourself, and it’s one of the first steps you can take to start saving. By putting money asideeven a small amountfor these unplanned expenses, you’re able to recover quicker and get back on track towards reaching your larger savings goals.


Source: Financial Planning for Women