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How to build your emergency savings

You never know when an emergency will happen. In this video, we’ll show you how to be prepared by building your emergency savings. Your emergency savings should cover: • Spending shocks, which are sudden expenses that pop up, like fixing an appliance or repairing your car. Try to save enough to cover 2 to 4 weeks of expenses, or $2,000. • Income shocks, which are longer-term financial burdens, like losing your job or ongoing medical expenses. Try to save enough to cover 3 to 6 months of living expenses. Start saving now, so you’re ready for anything that comes your way. If you've got a retirement plan at Vanguard, you can find more resources on emergency savings at vanguard.com/financialwellness.