FYI: Emergency funds need a PR makeover.
First, there’s the name itself--who wants to contemplate broken-down cars, sick dogs, or job loss? Perhaps a name like "cushion fund" would hasten interest.
Then there are the ideal emergency-fund (oops, cushion fund) amounts that are usually bandied about--three to six months' worth of living expenses in very safe investments. That's a decent starting point, but it sounds hopelessly off-putting to people just getting their financial footing. In reality, the only living expenses you need to cover with your emergency fund are the very basic ones--housing costs, insurance expenses, utilities, and food; from that standpoint, amassing a cash cushion looks a lot more manageable.
Regards,
Ted
https://www.morningstar.com/articles/827411/how-to-set-and-invest-your-emergency-fund
