Save 10% income
Building emergency savings boosts financial confidence and life satisfaction.
What You'll Do
Set aside 10% of your income for emergency savings this month.
Scientific Basis
Individuals with emergency savings reported 21% higher life satisfaction, uplifting mood through greater financial confidence.
Norvilitis, J. M., & MacLean, M. G. (2010). The role of parents in college students’ financial behaviors and attitudes. Journal of Economic Psychology, 31(1), 55–63.The Science of Impact
Having emergency savings can lead to a 21% increase in life satisfaction, enhancing overall wellbeing.
Financial confidence can reduce stress and anxiety, contributing to better mental health.
Improved life satisfaction can lead to better academic performance and social relationships.
Pro Tips
Set aside at least 10% of your monthly income for emergency savings.
Review your savings goals quarterly to ensure you are on track.
Consider opening a high-yield savings account to maximize your emergency fund.