However, a recent Empower study

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Contributing just 1% more can add up. Use the Empower 401(k) Calculator to estimate how much more you could accumulate. Do you have enough savings to cover emergencies? Knowing how to cover an emergency expense is a positive sign that your finances are on track. As a general rule of thumb, aim to have enough emergency savings to cover 3 to 6 months of expenses.


However, a recent Empower study showed that 21%1 argentina phone number list American adults have no emergency savings at all. If you're worried a financial curveball might leave you stranded, there are several steps you can take to add some padding to your emergency cushion. Consider building emergency savings into your monthly budget or setting up automatic contributions. Even if the amount is small, regularly adding to your emergency fund can gradually help improve your overall financial situation.


And remember, emergency savings should be liquid -- high-yield savings options can allow you to grow your money while giving you easy access to it when you need it. Do you have a plan to pay off your debt? Getting out of debt can be one of the biggest obstacles on the road to financial health. Your budget should also include a plan for reducing your debt burden.