As we move into the investment stage of our personal finance plan, we want to make sure that our financial house is is order. A fully established emergency fund, somewhere around $10,000, is a cornerstone for our financial plan. This will give us some peace of mind when unexpected events happen, like A/C repairs for the car, and you can pay for them in cash. Unfortunately, around 70% of Americans have no emergency fund to help out when unexpected events occur.

How important do you think an Emergency Fund is for your financial plan, and what are you doing to establish this fund?