Life is unpredictable — job loss, medical bills, or phone repairs can hit when you least expect. That’s why an emergency fund is a must-have, not a nice-to-have.
- Start small and stay consistent. Even ₦500 or ₦1,000 weekly adds up over time. Don’t wait for “extra” money — begin with what you have.
- Automate your savings. Set up an automatic transfer from your main account to your savings every payday. Out of sight, out of spend.
- Cut unnecessary expenses. Daily soda? Impulse snacks? They add up fast. Redirect that money to your emergency stash.
- Sell unused items. Old clothes, gadgets, or furniture can be turned into quick cash — and straight into your fund.
- Set a clear goal. Aim for 1–3 months of essential expenses. Knowing your target keeps you motivated.
- Use a separate account. Avoid temptation by keeping your emergency money in a different bank or app.
An emergency fund gives you peace of mind and freedom. Start today – your future self will thank you when life throws the next surprise.