Step 2: Emergency fund	My goal:	$18,000	in	60	months	Savings per month	$300
Guidelines
Build emergency fund up to 3 to 6 months worth of income.
Keep it easily accessible (e.g. money market, savings).
Don't worry that it is not getting a lot of interest.
An emergency fund provides financial peace.
Pay yourself first.  Some people suggest you pay a second 10% to yourself.
When you have reached your goal for your emergency fund, continue to pay into your savings.
Benefits
Emergency fund allows you to pay cash for unexpected emergencies like car repairs, medical expenses.
You have a buffer if you have a drop in income or loss of employment.