Not having money for emergencies can be extremely stressful. But a $1,000 emergency fund will put you in a better place than 57% of Americans – and it is a great goal to get started with. It will give you peace of mind, and it means you don’t have to take out a 20% interest … Continue reading 12 Ways to Create an Emergency Fund — Quick!
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Why Your Credit Card Shouldn’t Be Your Emergency Fund
Imagine this scenario … Bruce has a sudden dental emergency and gets a bill for $2,500. He doesn’t have any savings – who knows where the money goes each month – so he puts it on his credit card at 20% interest. “Luckily” the minimum payment is only $42 per month – he can figure … Continue reading Why Your Credit Card Shouldn’t Be Your Emergency Fund