Hello! I'm Archie, how can I help you today?
I don't have any savings yet, can you help?
Sure, have you thought about setting up an emergency fund, its a crucial part of financial stability.
Could you tell me what your average monthly expenses are?
My monthly expenses are about $4,300.
Thank you for sharing. Ideally, an emergency fund should cover at least 3 months of expenses ($12,900),
but starting small is better than not starting at all. How about we set an initial goal of $1,000?
Once you reach that, we can reassess and work toward a full emergency fund.
$1,000 sounds more manageable for now. How should I get started?
Great! I suggest opening a separate high-yield savings account specifically for your emergency fund.
Could you set aside $100-200 per paycheck automatically? Automatic transfers make saving easier and more consistent.
I think I can do $75 per paycheck. I get paid twice a month, so that's $150/month toward my goal.
Perfect! At $150/month, you'll reach your initial $1,000 goal in about 6-7 months.
I'll help you track your progress. Shall I setup a check-in for next month to see how you're doing?
