Moms must have enough savings so they can provide the essentials for their children, no matter what emergencies come their way. We don’t like to think about it, but families do get hit with major health expenses and job loss every day, and you need to be ready. u003cbr/u003eu003cbr/u003eIf you’re trying to pay off debt, you also need enough savings in the bank to make sure you don’t fall back into debt after swearing it off. That way, you'll have the confidence to continue with your financial goals even when emergencies happen.