 TITLE: How to Budget When You’re on a Very Low Income CONTENT: The Role of Savings in a Budget\n-------------------------------\nIdeally, the money you save by creating a budget can get you on solid financial footing now, but don't forget about your future: Do whatever you can to put some money toward an emergency fund or retirement.\nStarting an emergency fund in particular is important because it will help you weather unexpected expenses and stick to the goals set in your budget. Life happens, and when it does, an emergency fund that you keep in a dedicated savings account can prevent you from falling into the same financial situation you've worked so hard to dig yourself out of.\nMany experts advise putting aside three to six months' worth of expenses to cover basic living expenses, but even just one month's worth of expenses can make a difference. Saving even $5 or $10 a week could help offset an emergency if your car breaks down or you need to pay a medical bill you weren't expecting.\nIf you need to build savings but cutting costs isn't cutting it, it might be time to consider picking up some extra work. Getting additional work doesn't have to be another full-time job. For example, do you have a skill people would pay for? Look for freelance work and offer your services. Do you have a working vehicle? Consider trying a side hustle like food delivery or ridesharing. Do you have an extra room in your house? Consider renting it out.\nYou might think that \"saving for savings\" doesn't make financial sense, but it's one of the best ways to prevent future financial disasters and keep your goals on the right track. END