Practical Ways to Save

[Ahmed Anas Chowdhury]

There are many different ways to approach starting — and adding to — your health emergency savings. "You can take advantage of a health savings account if this is offered at your job, but start a general emergency fund also," suggests Porco.

Here are more health savings tips:

Put any money you get from a tax refund or earned income credit into your health savings fund.
Ask your bank or credit union to automatically transfer funds into your emergency account.
Explain the importance of an emergency fund to your family and get everyone involved in cutting back on unnecessary expenditures.