6. Start saving an emergency fund: What if you become unemployed unexpectedly? Have you ever thought about it? No one ever thinks that an emergency can happen to them, but the truth is that almost everyone experiences at least one financial emergency in their lifetime. It is not that you have to set a huge sum aside for an emergency fund but the smallest of budgets should include a contribution to an emergency fund. Think about setting a goal for yourself. If you start saving from the first day of your job then you will save enough to live for four to five months even if you are unemployed. Saving money is often easier than struggling at the time of emergencies. Start from today by setting aside a small amount, for example, 500 from each paycheck to be deposited into a savings account that you don’t have regular access. Make sure that you maintain this account in such a way that it will be a hassle to withdraw money or activating a debit card or ordering checks for it. The motive behind is, you will be less interested in an account that requires a trip to the bank, which in turn will help you save money.

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