Why You Should Start Your Emergency Fund Today
|12/21/2016||Posted by BusinessMediaguide.Com under General World News||
By Laura McMullen
Say 2017 has a rocky start — maybe your car needs repairs that will set you back $1,000. Would you have the money available? This is the kind of unexpected expense that an emergency fund could cover — which would prevent you from taking on debt.
If you don’t have an emergency fund, make a New Year’s resolution to build one. Here’s how to start.
Open a savings account. For an emergency fund to be useful, it must be handy. Tap a certificate of deposit or your 401(k) for those car repairs, and you’ll face hefty early-withdrawal penalties. read more >>>