If you’re not happy with how much you have in the bank, there are several tips to increase your small emergency fund. Having at least three to six months' worth of income stashed is a protection. If you lose your job or face a major car repair, you won’t have to use credit or borrow from family. However, growing your account may not go according to plan. No worries. Here are tips to increase your small emergency fund.
1. Get a Temp Job
Getting a part-time job - even if only temporary - is one of the best tips to increase your small emergency fund. The money from your full-time job can go toward your living expenses, and your part-time income can beef up your savings account. If you can earn $500 a month from part-time work, that’s an extra $6,000 in your savings account.