Emergency Fund

Building and maintaining a savings cushion is vital for your financial health. Most financial experts recommend having a minimum of three months' worth of living expenses set aside in case of an emergency.

A Month's worth of living expenses for me: $1,600

Emergency Fund Goal: $4,800

I plan to keep my emergency fund in the highest yielding money market savings account that is available. Currently that would be HSBC which is paying 4.8%