In A Perfect World

3 Simple Tips For Building An Emergency Fund To Help You Survive A Rainy Day

Roger Skibowski
4 min readNov 9, 2022


Are you someone who has money at the end of the month, or a month at the end of money? If you are in either group, a rainy day fund is still important?

For some the rainy day has already come and you are in the mist of it today. For others, this is something you may have been thinking about. And then there are those who have already started or have already setup their rainy day fund. Let’s dive into some possibilities.

A rainy day fund is a crucial part of your financial security. It gives you a safety net to fall back on in case of unexpected expenses or a loss of income. It is important to have a rainy day fund to help you cover unexpected costs such as medical bills, car repairs, or job loss.

Although it may seem difficult, building a Rainy Day Fund does not have to be a challenge.

Here are the 3 simple steps to get you started, setting up your budget; establishing your savings goal, and increase your income and/or decrease your spending.

Setting Up Your Budget

A budget is a tool that can help you keep track of your spending and saving monies. Once you know where your money is going, you can adjust your spending accordingly to guarantee that you are saving enough for your emergency fund. A simple budget can be started in a spreadsheet, and you may keep it there or you may decide on one of the online budget programs. The online software can be most useful to download your banking information so you will be able to see where you are spending your money today and track it over time.

To make a budget, start by calculating your income. This can be your salary, investments, and any other sources of income. Then, list your expenses. This can include your rent or mortgage, food, transportation, and any other bills.

Establishing Your Savings Goal

It’s important to have a savings goal in mind when you’re trying to save for your rainy day fund. A savings goal will help you stay on track and make sure you’re…



Roger Skibowski