Building an emergency fund: common mistakes to avoid

Most of the trouble around building an emergency fund comes down to a handful of avoidable mistakes.

At Mosey Bank, we talk to customers about building an emergency fund most often when they're making a change - moving banks, hitting a milestone, or just reviewing where their money sits. The short version: understand the terms, compare what's actually on offer, and don't assume your current setup is still the best one for you.

If building an emergency fund applies to your situation, it's worth a 10-minute look at your account this month rather than leaving it for "someday." Small adjustments now tend to compound into real savings over a year.