The coronavirus pandemic changed a lot of things for Americans, including work, family life and more.

It also made many reconsider their personal finances.

“I think the pandemic really highlighted for a lot of people how important it is to have an emergency fund,” said Michelle Brownstein, a certified financial planner and senior vice president of Personal Capital’s private client group. “I think a lot of people were put in a very tough financial position, to put it nicely.”

How much to save

While everyone’s financial situation is different, experts recommend having at least a few months of living expenses, such as rent, utilities and necessities, in an emergency savings fund.

“Our general rule of thumb is that you should have three months to six months of expenses in cash savings at all time,” said Brownstein, adding that the exact amount is based on individual preference.

“You have to decide how much risk you’re comfortable taking,” said Tania Brown, a CFP and coach at SaverLife, a nonprofit focused on saving.

Ways to save

Of course, some people may find it difficult to save, especially if they went into debt during the pandemic.

The first thing people should do is make sure they have the basics covered, such as food, rent and other necessities. Then, they should plan to rebuild savings, even if it will take some time.

“I may be slow, but it’s OK,” said Brown. She suggested that families earmark any excess in their budget — even if it’s $5 per week, or month — just to get started.

“Start below what you think is comfortable — like, really easy — and then slowly bump it up,” said Brown. Making an attainable savings goal sets you up for success and helps you build a good savings habit.

For many, the goal of having three months of expenses saved seems insurmountable and may keep them from starting at all, said Brownstein.

“Putting it off is only delaying getting there,” said Brownstein.

Another good way to begin saving post-pandemic is to work against lifestyle creep, which is increasing your budget as you return to work or make more money.

“It is so tempting, once you have a job, to immediately go back to your old lifestyle,” said Brown. “But this is a perfect opportunity to really establish a firm financial foundation.

By keeping your budget in check, you will have more money to allocate to savings, she said.

And, any extra money should immediately go into savings, she said. For example, families eligible for the new monthly child tax credit payments should use some of that money to rebuild emergency funds once their needs are addressed.

Luckily, many Americans seem to have made necessary changes in order to save more for the future. Nearly 40% said they were spending less on non-essential items, including 46% of Gen Z respondents, 48% of millennials and 47% of Gen Xers, according to the Personal Capital survey.

In addition, 37% said they found that post-pandemic, they can be happy spending less than they’re used to and 35% said they can live off less than they previously thought.

Source. Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.