Currently, in America, 58% of Americans have less than $1,000 in their savings account. This number is astounding and really not ok. One of the biggest things to remember in life if that unexpected things always come up and the last thing you want is to be totally blindsided by an emergency. When emergencies arise many people rely on credit cards to get them through. In the long run, people end up paying more money in interest and make it more difficult for themselves to get ahead. If you are finally ready to break the cycle and get an emergency fund saved, follow the next ___ steps to save $1,000 fast.
Today I have an awesome guest post for you from Stephanie with Mama Minimalist. She and I share a lot of similar beliefs when it comes to our kids and the Christmas season and she has some great things to consider before wrapping all your presents this year!
Bare feet pitter pattering down the hall. Pig piles in Mommy and Daddy’s bed, then bear hugs and wet smooches. High-pitched squeals and cheeky grins – all amidst the backdrop of a twinkling Christmas tree, no less. These are what parents’ dreams are made of.
Target. A common known frienemy among women young and old. You walk in with the intention of getting one thing for $5 and somehow leave with $50 less in your pocket. You have less money, more stuff and yet regret nothing. It’s funny how that works. Well, imagine my joy when I went to Target, bought what I came for and then made money by the time I got to the parking lot! This is no scam, no tricky play on words. I am being totally, 100% serious; and I’m going to share with you how I did it. ‘Cuz I love ya.
Full disclosure, it took me years and years of raising kids for me to realize that I was making Christmas was more complicated and stressful than I needed to. From standing in long lines on Black Friday at 5am to trying to make sure everyone was perfectly dressed in their Christmas best. It all became too much and I found myself more stressed out at Christmas than any other time of the year. So much so that I wasn’t even able to fully enjoy the holiday itself. Then I realized, I had been doing Christmas all wrong. It was time to take a more minimalistic approach. I needed to try less, care more and eliminate all the unnecessary stuff. This is exactly what I did to create a clutter free, less stress Christmas
Have you ever been in that stage of life where a major emergency hits and you feel totally unprepared? This was basically how Tom and I lived our lives for years. We let ourselves be blindsided by everything from vet bills, to car repairs, doctor visits, holidays and even some random kid’s birthday party. Something would blindside up and we were left scrambling to find the funds to pay for it. This meant we usually turned to our credit card…because it was for emergencies after all. The sad thing was, most of these things weren’t actually emergencies. We knew the holidays were coming, we know our car will have problems eventually. Kids get sick. Pets get sick. None of these things are all that surprising. So how do you prepare for the expected unexpected? Sinking Funds! I’ve got a Sinking Funds tracker to help you plan for life’s unfortunate events so you aren’t left in a financial panic.