Money-Saving Strategies to Build an Emergency Fund

Posted by Bonnie Martin Designated Broker on Wednesday, August 6th, 2014 at 12:19pm.

piggybank_voronin76_450zillow.com - Accumulating an emergency fund isn’t as exciting as saving for an extravagant vacation or a down payment for your dream home, but financially-savvy folks understand the value and prioritize for their security. Emergency funds are separate from general savings accounts, retirement funds and health savings accounts. They cover unexpected costs that could otherwise force you into debt.

If a pipe bursts at home, are you ready to pay for the repairs? Can you make your monthly mortgage payment if you lose your job tomorrow? These are prime examples why amassing an emergency fund is necessary

To read more of this article, click the link below:

#facebooklike#

Photo:   ©[Voronin76]/123RF.COM

Leave a Comment