You have probably heard others talk about “saving money for a rainy day.” Eventually, you will have an unexpected expense such as a car breaking down, a trip to the emergency room, or losing your job. By saving at least three to six months in an emergency fund that you only use for unplanned expenses will keep you from going into debt and stressing being able to pay your other monthly bills.
If you haven’t started an emergency fund yet, you can follow these 5 steps to increase your savings. Unless you have a pile of cash sitting somewhere, you will need a few weeks or months to build a sufficient reserve. Start small by saving $500, then $1000, and ultimately up to 6 months of living expenses.
Lionel Richie wants to see Taylor Swift replace Katy Perry as a judge on "American…
The country music star Jelly Roll's beloved wife Bunnie Xo is speaking out this week…
Throughout the 1980s, Arnold Schwarzenegger and Sylvester Stallone engaged in an intense rivalry as they…
The singer Jon Bon Jovi is leaving his health "up to God" two years after…
Candace Cameron Bure of "Full House" and "Fuller House" fame is speaking out to defend…
Today is Earth Day, and celebrities are celebrating the holiday by sounding off about the…