How to Build Up an Emergency Savings Fund (without sacrificing to do it)
We all have unexpected and expected emergencies, we don’t really plan for.
Just went through a tough time with some family members. A family member lost a loved one to a short battle with an illness. We all knew what the end result was and that it was coming faster than anyone would want. Six months is not much time to plan for the passing of a loved one. Nor is it much time to save the funds needed to make all the financial arrangements. The average cost of the passing of a loved one is between $5.9K & $12.3K.
When an emergency happens, you not only have the stress of losing this person, but also dealing with making all of the arrangements, going through all their belongings, the financial burden, etc.
You could save the financial stress this situation caused by Establishing an Emergency fund.
Most people don’t put aside money into an emergency fund, because they feel like they don’t have enough money to be able to do it.
But my rule in finances has always been to have it ALL – like saving for an emergency fund without giving up other things.
If you want to learn my process for creating an Emergency Fund, DM me for more information on my coaching program.
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