Career & Finance

5 Easy Ways to Save for Emergency Fund

Okay. Say you’ve already become acquainted with the idea of having an emergency fund. You know you need it. You know how to get started, but you just can’t bring yourself to the idea of doing it.

Let’s face it: saving money has a negative connotation attached to it due to its relation with the idea of persistence, diligence and hard work.

And come on, who here really wants to experience all these, right?

Luckily for you, we’re here to teach you the 5 relatively easy ways that can help you in saving up for your emergency fund. We call it ways into tricking yourself into saving money. Do you want to know what they are?

1. Small is the way to go.
 Carry whole bills with you so that you will always get change. Never spend your change, only use whole bills in every transaction you make. At the end of the day, put all your change in a jar. Deposit the whole amount from the jar to your emergency fund every 15th of the month – hey, think of it as giving yourself a personal salary!

2.  Go automatic! Obviously, we can’t trust ourselves to pay ourselves first. Just the thought of a new salary can test even those with the most disciplined minds. In this regard, we should set up automatic savings instead – let our bank do the saving for us. I cover this in more detail here.

3. Earn from your hobby. Yes, I know I’ve said “easy” in the title. This is why instead of  forcing yourself to another task you don’t like, think of it as hitting two birds with one stone – you get to work on your hobby (writing, photography, baking, tutoring…) and earn a side income as well!

4. Name your savings accounts. Naming them gives you a psychological advantage. It makes you feel more focused towards your dreams since you see them every time you check on your bank online. For more details, please go here. 

5.  Make a disaster board. Ever heard of a vision board wherein you post the pictures of your dreams to inspire you? This one’s the opposite. I want you to find pictures of possible emergencies: a hospital bed, an ambulance, a broken laptop, a burnt home, a flooded condo…the only limit is your imagination! Whenever you see this disaster board, I am positive you’ll be feeling the sense of urgency and starting to save more. 😉
Do you have a disaster board?


Live wisely,
Lianne Martha Laroya

About the Contributor

Lianne Martha Maiquez Laroya writes to enlighten you and empower you to take charge of your finances. As a financial advisor, Lianne is also the founder of The Wise Living and Young Pinoy Millionaire, both websites dedicated to educate you on money management and early investing without boring you to tears. Get your FREE copy of her book, “OMG! Where Did Your Sweldo Go?” here. Questions? Connect with her on Twitter, email her at or message her at 0916-737-8741.

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