If it’s too daunting, go the Dave Ramsey method and start with a $1000 emergency fund while you pay off debt and then bump it up to 3-6 months once you’re debt-free
Caleb Hammer hammers down the importance of emergency funds for Americans on Joe Rogan
"You don't get to have fun if you don't have a fully funded emergency fund, that's a basic reality..only 60% of Americans can cover a $400 emergency"
"An emergency fund is 3 months to 6 months of everything you need to live..I'm on the 6 month side bc things like the pandemic..we're in that world..might as well go full way and get a 6 month emergency fund..you got a lifeline..that is so critical to life..if you don't have that, I don't want to see you in a drive thru..going on a vacation is not acceptable..needs to be just as critical as having like a first aid kit in the house..that's what causes Americans to just F up their houses financially"
(Via Joe Rogan Experience 2509)