The other day I was having a conversation with a few of my coworkers about how long we'd be "okay" financially if we were to lose our jobs. (None of us were in any sort of trouble, it was just one of those conversations.) Much to my surprise most of them said they didn't think they'd last more than a month. A month? Perhaps I'm brain-washed from living in this money-blog community of mine, but doesn't everyone know by now that you're supposed to have 3 to 6 months worth of emergency money stashed up at all times? Disaster could strike at any time whether you're ready for it or not! And if you're not prepared well in advance to handle such a situation, you'll find yourself in a whole lot of trouble. Why Don’t We Do A … [Read more...] about 3 Painless Ways to Build Your Emergency Money Fund
emergency money
Another Reason Why You Need Emergency Money – For Stupid Car Repairs
If you think that having $1,000 or so in your emergency fund is going to cut it, think again! I’m normally not a huge promoter of this topic, but over the last 2 weeks, I’ve had to dip into my stash more than I’d like. And if I didn’t have access to emergency money, I’d be up a creek either paralyzing one of my investments or taking on unnecessary debt. Here's my story of what happened: … [Read more...] about Another Reason Why You Need Emergency Money – For Stupid Car Repairs