Setting up an emergency fund to cover things such as unexpected car repairs, hospital bills, or job loss is important to your financial future. Without an emergency fund as a financial backup, when … [Read more...] about 6 Reasons Why You Need An Emergency Fund
Life is unpredictable. When the unexpected happens, it's important to be prepared and have some money set aside. Without it, you'll most likely end up turning to your credit cards and digging yourself … [Read more...] about How To Build An Emergency Fund Practically Painlessly
Emergency funds are an important part of personal financial planning. If you want to be prepared for unexpected events that require immediate financing, then you need an emergency fund. However, once … [Read more...] about When Should I Use My Emergency Fund?
The thing that makes life exciting is that it's utterly unpredictable. You never know what's going to happen tomorrow. Sure, you can do things that'll increase the likelihood of a predictable outcome, … [Read more...] about Emergency Credit Cards? 6 Reasons Why It’s A Bad Idea
Are you ready for an unexpected expense, such as a sudden car repair or a medical bill? For most people, the answer to that question is no. In fact, about 40 percent of Americans have less than $400 … [Read more...] about How To Cope With The Unexpected Without An Emergency Fund
We've all seen the commercials. A young man's car breaks down and he's in need of money, fast. He turns to a payday loan company for help; within minutes, he has cash in hand to fix his car and go on … [Read more...] about Avoid Payday Loans – Here’s What You Can Do Instead
You should always prepare your finances to expect the worse. This is not really about being pessimistic. In fact, it is you being realistic. One of the things that you can do for your loved ones is to … [Read more...] about How To Prepare Your Finances: Pretend You’re About To Lose Your Job
Going through a financial emergency is not a matter of “if” but “when.” This is a situation that all of us will go through - that is for sure. This is not about being pessimistic. The reality is that … [Read more...] about Is It Wise To Rely On HELOC For A Financial Emergency?
It doesn’t take a rocket scientist to calculate your reserve fund target. However, you have to understand that importance of knowing the right amount to save up for. The consequences of having the … [Read more...] about Smart Tips When Computing Your Reserve Fund Target
Your reserve fund is a necessary part of your savings. If you want to stay away from financial ruin, you need to make sure that you have saved enough on your emergency fund. This is the fund that you … [Read more...] about Surviving An Unexpected Expense Without Depleting Your Reserve Fund
Do you have emergency savings? After the Great Recession, we all realized the importance of having this fund in your account. You never know when an emergency will strike. It is important that you … [Read more...] about The Truth Behind The Emergency Savings Of American Families
Your reserve fund is meant to be used for emergencies. Let us assume that after you have spent months saving up for your emergency fund, you have finally reached your target amount. This is a great … [Read more...] about How To Rebuild Your Reserve Fund After An Emergency
There are several types of financial instruments that can help you guard against unexpected problems. Having reserve funds is just part of that equation. These funds are meant to help you get over a … [Read more...] about 2 Types Of Reserve Funds That You Should Save For
Financial tips abound for almost every aspect of your life. From how to make do with a low income budget to valuable tips when you suddenly get your hands on windfall money. Just like when your … [Read more...] about 4 Financial Tips Before Quitting Your Job
There are many reasons why you need an emergency fund. It is not enough that you make the right spending choices. It is not enough that you spend within your means. You need to prepare for any … [Read more...] about How To Be Responsible When Using Your Emergency Fund