A physician enters information into a calculator to create a short-term savings plan.
MANAGING PERSONAL FINANCES

Building Short-Term Savings

2 min. read
About this article

Establish a short-term saving plan and create an emergency fund when you begin your career to meet your immediate financial goals and prepare for unexpected expenses or unemployment. Consider how much you need to save each month and learn strategies to maximize your savings.

What you´ll learn
  • Why short-term savings and emergency funds are important
  • How to establish a savings goal
  • What is a certificate of deposit (CD)
AMA members sign in to read this article
Not an AMA member? Join now
Create an AMA account to access valuable resources. Create an account

How can this article be more helpful?

TELL US

Thanks for your feedback!