Like in every other task, especially for those of us who live by sight, starting an emergency fund could seem so long and frustrating. But if you’d want my candid advice, I would encourage you to start somewhere. In other words, start no matter how small, just start building something. However, before you start building your emergency funds, there are some things you should consider especially in your monthly budget. And that is, be certain that whatever money you’ll be willing to set aside for your emergency funds won’t by any means affect your monthly bills. If it does, then you might want to consider setting a realistic target amount. So let’s say you’re looking to meet a target of $40,000 in a year. If your total monthly budget is often above $3000, then you might want to consider reducing your emergency fund target to $20,000 or below. Now, doing this will ensure that your monthly budget is not tampered with, while still creating enough room for an emergency funds monthly deposit.