Stage 3: Emergency Fund

You now have enough money saved in reserves to cover 3-6 months worth of expenses or an unexpected event such as losing your job or medical expenses.

Your goal in this stage is to create 2 more accounts.

An account for fun money which can be used for holidays or purchasing non essential items.

An account for future investments which can be used in stage 4: Rookie Investor.

During this stage the main priority is to follow your budget so you can put some money away for fun and investing.