Life is full of unpredictable situations. Unfortunately, many of life’s unforeseen events cost money. From emergency health issues to unanticipated travel obligations, you never know what will come your way.
This is why it’s so important to set up an emergency fund. Being prepared with an extra set of funds will save you from a whole array of financial problems in the future. Here are 8 good reasons why you should set up an emergency fund:
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.