13 Ways to Save For Your Emergency Fund

One of the best ways to break out of the debt cycle is to have an emergency savings fund to cover unexpected expenses.  This way, when your car breaks down or the refrigerator quits working, you won't need to rely on credit cards or bank loans to cover the expense.

We recommend saving $1,000 in your emergency fund as a first step.  Next, you can work on establishing additional levels of emergency and long-term savings.