The Emergency Fund
GPF 103 · Module 1
This module explains why an emergency fund is the foundation of financial stability. Students learn what counts as a true emergency, how much to save, and where to keep emergency money so it is safe and accessible.
Lessons in this module
Why You Need an Emergency Fund
An emergency fund protects you from turning surprise expenses into debt. This lesson explains what emergency savings are, why they matter, and how to start even with a small amount.
How Much to Save
Emergency fund targets depend on monthly expenses, job stability, household responsibilities, and risk. This lesson teaches how to calculate starter, one-month, three-month, and six-month emergency fund goals.
Where to Keep Your Emergency Fund
Emergency savings should be safe, liquid, and separate from everyday spending. This lesson compares checking accounts, savings accounts, high-yield savings accounts, money market accounts, and other options.
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