Experts generally say emergency savings should cover three to six months of living expenses.
In fact, nearly 1 in 4 U.S. adults say they have no emergency savings, a recent Bankrate survey found.
"Emergency savings demands a personalized approach," he says.
"While the conventional wisdom endorses three to six months of living expenses, I persistently advocate that any amount is superior to none."
Kellar recommends breaking down your emergency savings goals into bite-sized amounts — and celebrating wins where you can.
Persons:
Will Kellar, Kellar
Organizations:
Human
Locations:
U.S