Infographic: Avoid financial stress, save up for emergencies

From: Financial Consumer Agency of Canada

Avoid financial stress: save up for emergencies infographic

Text version: Avoid financial stress: save up for emergencies

The infographic Avoid financial stress: save up for emergencies is illustrating the importance of having an emergency fund and how to build one.

Unexpected situations happen

Four images illustrating these situations:

Car repair, broken leg, job loss, sick pet at a veterinarian

You need an emergency fund. Be prepared, start saving today!

Your goal is to save enough to cover 3 to 6 months of living expenses. That may seem like a lot, so start as soon as possible and build up.

Start with a realistic amount

Make it a weekly habit

Cut an expense and save the money

Automate your savings

Review your goal

Increase your weekly savings if you can

By using your savings in case of an emergency, you won’t have to resort to expensive credit options. Learn more about managing your money at itpaystoknow.gc.ca

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Date modified:: 2019-11-26

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Infographic: Avoid financial stress, save up for emergencies

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