Aim for an emergency fund so surprises don’t turn into crises. Typically, the goal is to have 3-6 months of living expenses that are set aside in a liquid, easily accessible account.  If your income is variable, you may want to increase that and have even more set aside.  An emergency fund acts as a safety net, helping you manage unexpected expenses that can arise during transitional periods.

Start small if necessary. If you are unable to save a large amount initially, focus on building the fund gradually.  The habit matters more than the amount to get started.

For women experiencing a major life change, an emergency fund provides peace of mind and helps avoid unnecessary debt.

About the Author Heather M Coulter, CFP® is an advisor with William Howard & Co Financial Advisors, Inc. Heather’s diverse expertise spans both corporate and independent financial environments, enabling her to provide valuable, personalized guidance to clients navigating various life stages and transitions. She has a deep passion for helping individuals—especially women—plan for their financial futures, offering a unique blend of professional insight and personal empathy, shaped by her own life experiences.

Heather can be contacted at hcoulter@whcfa.com.