Any savvy financial advisor will tell you it's of the utmost importance to build and maintain an emergency fund. However, many consumers have no idea what that is exactly, how much should be saved in … [Read more...] about When Should I Use My 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
How well do you think you can cope when you do not have an emergency fund? That depends on how resourceful you are. While it is not the end of the world, not having a reserve fund when you need it the … [Read more...] about How To Cope With The Unexpected Without An Emergency Fund
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
The best way to make your finances disaster-proof is to have an emergency fund. Take note that this is not just any amount that you can save. It is very important that you make careful calculations … [Read more...] about 7 Times You Will Be Glad You Have An Emergency Fund
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
If you're like many Americans you live from paycheck to paycheck. We can empathize because we've certainly been in that position. But when you're living this way, you're skating on thin ice and peace … [Read more...] about How To Quit Living From Paycheck to Paycheck
Financial literacy is one of the key components to achieving a successful financial life. Some people have the right resources and opportunities but their lack of knowledge only led to the loss of … [Read more...] about The Road to Financial Literacy