In Case of an Emergency

We all know – when it rains, it pours! If the car breaks down, the washer and dryer will break. A pipe in your house just won’t freeze, it will burst (because that is just the kind of luck you have). Nothing can ever seem to be an easy fix when you do not have the funds available, placing even more stress on your shoulders. Wouldn’t it be nice if when an emergency did strike, you could breathe easy knowing you had the funds to cover the cost? Well, now you can!

Start Saving Today!

The battery in your car stops working. Pipes under your kitchen sink start to leak. You accidentally broke your ankle slipping on ice on your driveway. Accidents happen. Such is life. While we cannot always prevent these things from occurring, we can control the fact that we have a savings account/emergency fund to help cover these unpleasant incidences.

You want to aim for an emergency fund that has the amount of money needed to cover three to six months of living expenses. The first way you can start putting back is to stop spending so much. Do you grab a Starbucks every morning? How about cutting down to two trips a week, and banking the other three days? Are you wasting money on groceries? Preplan your meals for the week, and make a list before heading out so that you know exactly what to buy. This will keep you from overspending, so you can put some back into savings.

What about cable? Are you hardly ever home to watch television? Cancel your cable, and try using Netflix instead. Then, use the money that you are saving on cable to put towards your emergency fund.

Don’t forget – spring is just around the corner. Start cleaning out your rooms and garages now so that you can put together items to sell. Garage sales are a great way to declutter your home, while also helping you put a decent deposit into your savings account.

Is your goal to start saving for a rainy day as soon as possible? Contact us today to learn about our personal savings account option!