An emergency fund is a foundational part of a sound financial plan. Once you have a budget in place, keep saving towards a $1,000 emergency fund. Saving $100 per month will reach that goal in less than a year. , The next step is saving two months' living expenses. Using our example above, this equals $4,000. By saving $200 per month, you will reach this next goal in 15 months. By consistently saving small amounts toward your emergency fund, you save the minimum recommended emergency fund in less than two years while placing yourself in a more secure financial situation in the process. , AWM&T Relationship Managers are ready to help answer any questions you may have regarding emergency funds, asset management, estate planning, or retirement planning. Contact us today for your complimentary portfolio review!