Building emergency savings

Summary

Sharon Epperson explains how to build emergency savings by treating it like a monthly bill and automatically depositing money into a high-yield savings account. She recommends holding the funds at a bank or credit union not tied to checking to reduce the temptation to spend them on non-emergencies. The segment is personal-finance guidance rather than a market or investment trade.

• Sharon Epperson discusses building an emergency savings account.
• She recommends treating emergency savings like a recurring monthly bill.
• She suggests automatic deposits each pay period into a high-yield savings account.
• She advises keeping the funds at a bank or credit union separate from checking.
• The goal is to reduce dipping into emergency funds for non-emergencies.
• The segment contains no specific securities, tickers, or market trade recommendations.