Are you prepared for a financial emergency? What would you do in case something happened and you needed money right away that you simply didn’t have? Perhaps the transmission in your car dies, or a child or pet gets sick and needs to be taken to see a vet or doctor. These types of financial issues can happen to pretty much anyone these days. You do not want to end up being caught unaware because a financial emergency falls into your lap and you do not know what to do about it.
You shouldn’t panic, because you have options. If you have things that you don’t need any more, you could consider selling them online or perhaps at a garage sale. You could also take some valuables to a pawn shop and see what they could give you for them. Another option might be to take out payday loans. If you know someone that could lend you the money that might work as well, but over all of these there is another option and that is to simply have the money. Having the money beforehand will allow you to deal with a financial emergency swiftly and easily, which is the best way to handle such an emergency.
But how? You are broke right? Not if you plan. If you take a very small amount of your earnings from every check, it will actually add up fast. You could put the money in an interest-baring savings account. If you have auto deposit, you may actually be able to set this up to happen automatically. In other words, there is a variety of options available to you for you to set up a rainy day savings fund. You've run out of excuses, so start saving today so that you can deal with financial emergencies before they happen rather than right after they fall unexpectedly into your lap.