Expert advice to build an emergency fund [Video]

(InvestigateTV) — Bankrate reports that 27% of Americans have no emergency savings, but there are easy ways to start a savings plan.

When it comes to saving, the rule of thumb is to save 20% of earnings. If that’s too high, start with 10%.

And if that is not attainable, try setting aside $10 or $20 each paycheck.

Cherry Dale, a financial coach with the Virginia Credit Union, suggested opening up different accounts for different savings goals. It could be a new car fund, a Christmas gift fund, and an account for saving for a vacation.

Dale said to really look at the interest rate as a benefit for those savings accounts.

“Disconnect your savings account from your primary checking account. So, it’s not as easy to transfer that money over,” she advised. “If you get in a pickle at least there’s a little bit of a barrier there, if you do need …