Emergency funds!
This is related to yesterday's post on Dave Ramsey. An emergency fund is a savings account that's earmarked for using towards those little life emergencies and unexpected expenses that seem to pop up. Since all of you reading this are grown ups (or pretend like you are...), then there's no need for me to say that wanting a new pair of jeans (or even needing them) is not an emergency. But there's my public service announcement anyway. Emergency funds are great because when something happens, you don't have to dip into your regular savings account or rely on credit cards.
If you need to know how to save up for an emergency fund, check out the picture below!
 |
| Infographic via http://yobucko.com/saving/smart-money-tip-build-anemergency-fund-infographic |
No comments:
Post a Comment