Search Results for: emergency fund

Chances are you've heard that you need an emergency fund, but why? Why is it so important to have an emergency fund? You have the money to cover your bills each month and have a good job. This may lead you to believe that an emergency fund isn't necessary. That couldn't be further from the truth. Let's take a closer look at reasons you need an emergency fund. You Own a Home If you own a home, all repairs are going to fall on you. It may be a central air unit that quits working in the middle of ... continue reading...

If you know anything about finances, you know that people are always recommending an emergency fund. But, why? Why do you need an emergency fund? It's something that many people have asked over the years. Just because someone tells you need something doesn't always mean you need it. In this case, however, you do. Let's take a closer look at why you need an emergency fund. Emergencies Can Be Expensive Whether it's your car breaking down or a leak in the roof, emergencies can be expensive. If ... continue reading...

You never know when the unexpected is going to occur. That's why it's essential to have an emergency fund. Some financial experts recommend having a savings account that could cover your expenses for three to six months. For the purpose of this article, we're going to focus on just getting started with a $1,000 balance. Let's take a closer look at how to quickly build an emergency fund. Sell Items Around the House One of the easiest things you can do to build your emergency fund is to sell ... continue reading...

You hear it all the time, you need to have an emergency fund for those mishaps that occur in life.  But the question is: How do you build an emergency fund on a budget? What is an Emergency Fund? It's a sum of money that is set aside for an unexpected expense, a financial shortfall, or other unexpected situation. Most consumers prefer to have an emergency fund setup in the form of a savings account, but how you set aside this sum of money is completely based on what works for your ... continue reading...