Having a six-month emergency fund is a goal everyone should strive to meet. But where you live — and how high the costs are — has a lot to do with how easy it is for you to get ahead.
Personal finance experts generally recommend that individuals save up at least six months' worth of expenses in case of emergencies.
No matter where you live, you shouldn't give up on becoming more financially secure. Start by seeing where you can cut back, then set up automatic deposits to a savings account.If you're having a hard time building a six-month emergency fund, you might want to rethink where you live. Bankrate evaluated cities based on housing costs, such as mortgage, insurance and property taxes. It also included other expenses, such as groceries, health care, transportation and utilities.
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