Westmark Credit Union
We are a full-service financial institution, owned by our members & committed to the development of their financial future. We have 12 convenient locations.

How to Create an Emergency Fund

An emergency fund is a must-have component of every personal finance plan. If you don’t have one yet, or yours is inadequate, it’s time to prioritize it. First, open a savings account—never keep your emergency fund in your checking account. A savings account allows you to earn interest and keep your funds liquid, while restricting your access to the money.

When you watch this video, you’ll get some practical advice on saving one to six months of living expenses for your emergency fund. Work your savings into your budget, and treat it just like any other mandatory expense. Consider earning some supplemental income, and add all unexpected “extras” like cash gifts and tax refunds into your emergency fund.

Westmark Credit Union offers competitive banking products and personalized financial advice to our members in Idaho. Open a savings account today by visiting one of our branches or calling (208) 523-1071.

Categories: emergency fund

Comments

No Comments Posted
2520 Channing Way
Idaho Falls, ID 83404

Hours of Operation:

  • Closed Sunday
  • 9:30 AM to 5:00 PM Monday
  • 9:30 AM to 5:00 PM Tuesday
  • 9:30 AM to 5:00 PM Wednesday
  • 9:30 AM to 5:00 PM Thursday
  • 9:30 AM to 6:00 PM Friday
  • 9:00 AM to 1:00 PM Saturday