Life happens and sometimes you are not at the least bit prepared for the obstacles in life you have to face. An emergency fund prepares you for dealing with unexpected events that may occur in your life.Events such as medical bills,auto repairs,job loss. The first step to becoming financially free is to have an emergency fund of at least $1000 or more.The wealthy  encourage you to have more, such as the equivalent  of eight months of expenses to cover any emergency.But first things first is to budget, and save at least $1000 nest egg. Feel free to leave comments and suggestions