Building a Rainy Day Fund

The desire to build a ‘Rainy day’ fund or as it is often referred to, ‘An Emergency Fund’ is very common with most people however in reality it never gets started.

Most advice focuses on the general rule that this should be at minimum three months income.

In reality, the simple thought of trying to save that much money can be quite scary and off putting for most people.

For anyone living pay week to pay week, it feels like the impossible task so it is dismissed resulting in life becoming a rollercoaster of emotions financially.

Below I cover three main reasons why people never get started and also three reasons for you to get started.