Do you have an Emergency Fund?

An emergency fund is the first and most important step in any financial plan. I've had my emergency fund fully funded for about three months now. (Thank you God) That emergency fund give me a great peaceful feeling knowing those funds are there if a financial emergency arrives. Why did I blog on this? Because I came across a survey from Harris Interactive . In their survey they point out.

"Almost half (45%) of American households do not have enough savings to cover 3 months of expenses."

"Nearly 1 in 10 (9%) do not have any savings at all."

"13% say they generally save none of their monthly household income in liquid accounts".

Furthermore, of the people who are saving, they arenaÂ’t necessarily saving for emergencies.
"Nearly three in ten adults who have liquid savings (29%) are saving for a vacation, the survey found. And fifteen percent are doing so to fund a special event, such as a wedding or birthday party."

So, do you have an emergency fund? I hope so. If not, start today!