Be Prepared with an Emergency Fund

If an emergency fund isn’t already a part of your plan, it needs to be ASAP. So many people found themselves in serious trouble during this recession because they didn’t have an adequate amount saved up for emergencies, or didn’t have anything at all! What makes a great emergency fund is the accessibility. Let’s face it, when you need the money you need it now, not later. What you want to avoid is diving into the unused available credit on your credit card. This is not a lifeline, it’s a line to future trouble! Too many people have gotten themselves into a world of credit card trouble this way. In the end, it’s just not worth it. Instead, what you need to be doing is planning and saving now, even if it’s just a little bit each time. You can find more tips on saving for emergency funds from this article on Wallet Pop that I lent my opinion to. Thanks for tuning in!