Week 3 – Save for Emergencies

by Steve Georgoulakis, CFP® on Tuesday January 16, 2024
Posted in Category: Saving, Wallet Workouts

Wallet Workouts

Does your wallet need a spot?

An emergency fund is the key to getting through tough times.

This week’s workout:

Save for Emergencies

  • Be ready when things go sideways. From car repairs to a broken cell phone, we all face unexpected expenses and financial emergencies.
  • How do you push through? Simple: have a little money set aside.
  • An emergency fund gives you the financial strength to adapt and overcome adversity.


Athlete Stretching

Exercise 1

Warm up with at least $1,000 in your emergency fund and keep saving until you have 3 to 6 months’ worth of living expenses.

Emergency Fund written on chalk board

Exercise 2

Keep your emergency fund in a safe and accessible account that is separate from your everyday checking account.

Children hosting a garage sale

Exercise 3

Strengthen your emergency fund with an automatic deposit or by selling unused items.


Two adults stretching

Exercise 4

Mix up your savings workout routine by trying these great tips for building an emergency fund.






Join us for 7 Wallet Workouts


Jan. 3 Have a Financial Game Plan

Jan. 10 Spend Less than You Earn

Jan. 17 Save for Emergencies

calendar icon

Jan. 24 Use Debt Responsibly

calendar icon

Jan. 31 Protect Your Life, Loved Ones & Possessions

calendar icon

Feb. 7 Save and Invest for Your Future


Feb. 14 Rest & Recovery

calendar icon

Feb. 21 Prepare Your Legal Documents

Download PDF


The USAA Educational Foundation is a nonprofit, tax-exempt IRS 501(c)(3) and cannot endorse or promote any commercial supplier, product, or service. The content of this blog is intended for information purposes only and does not constitute legal, tax, or financial advice.