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:
I wish I would have known sooner the major importance of building savings at a young age. After spending years of letting our kids blow their birthday money on shopping sprees, we finally decided to start being smart with their savings. Not many parents are aware of savings accounts for kids beyond what their local bank has to offer. Encouraging your kids to save at a young age is critical, there is no way around it. Building any kind of savings for them is a smart move, but you could be leaving money on the table. So what savings accounts should you look into for your kids? Let’s talk about how to start a successful college fund for your child on a small budget.