Experts all over the world tell you to have an emergency fund or life happens fund.
Most people don't know how to get started saving in a life happens fund.
Here's how to start your life happens fund.
Open a free savings or checking account at a different bank or credit union than your primary account.
To avoid easy access to the money in your life happens fund.
It keeps you from being tempted to use your life happens fund for non-emergencies.
If you have direct deposit from your job add the new account from your life happens fund.
Start with $25 or higher per pay period to add to your life happens fund.
If your job doesn't offer direct deposit.
Pay your life happens fund when you pay your bills.
You can set it up with your online bill pay service to pay into your life happens fund.
Once you start saving it becomes a very good habit.
Don't make excuses start where you are today saving in your life happens fund.
Do you have a life happens fund???
Your financial coach,
Renee Lawson
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Thu, Jul 8, 2010
Budgeting, News, Renee Says