Do you have an emergency savings account or emergency fund? Experts recommend that you have 3-6 months of living expenses in a savings account for emergencies. That sounds a little overwhelming to most of us, especially if you don’t have any savings at all. Make a goal to save one month’s expenses to start. Start a separate savings account and set up automatic transfers to it. Even $10 each pay day will add up quickly, and you can add any extra funds to reach your goal faster.