How Much Should You Be Saving for an Emergency Fund?

Saving a lot of money just because it sounds nice, it’ss cool, but not as effective as knowing your numbers. In finance, we say this for a reason, instead of just picking random numbers that sound nice like saving $5K or reaching a $1M net worth. Although those numbers sound nice, do they actually have anything to do with your real life? Instead, let’s figure out how much we need to save based on our actual costs and list of necessities. This is how you figure out how much you should save for your emergency fund!