Tag: saving for an emergency

In the Greek myth of Sisyphus, he was condemned for eternity to roll a boulder up a hill, just to see it roll right back down.

For those of us trying to build up emergency funds of short-term savings, it can feel like a similar exercise. As soon as you manage to put some cash aside, you have to draw it down for sudden expenses—and then start all over again.

Natalie Smigielski knows the feeling all too well. About a year and a half ago, the 33-year-old from Toronto had scrimped and saved enough to come up with a $5,000 emergency fund.