45% of Canadians do not have an emergency savings fund.
Saving up an emergency fund is one of the biggest financial milestones. The Emergency Fund Project is a free guide to building an emergency fund - starting with saving $1000 and working your way up to six months of living expenses.
Everything you need to know about emergency funds
First things first, let's cover the basics. How much do you need to save, where should you keep your savings, and when is the right time to use it?
Open a high-interest savings account and save $1000
Now is when the real work begins. We go over 10 different ideas for saving up your first $1000. You'll be amazed at how quickly you can make progress when you're laser-focused on one financial goal at a time.