Life is full of unexpected headaches. Like your car breaking down on the highway or your water heater flooding your entire basement. Everyone has a few of these things happen each year—or each month, it can seem!
And this stuff ain’t cheap.
So how do you pay for it all? While it’s impossible to know which emergencies life will spring on you, you can go ahead and prepare. Because something will happen. Eventually.
Take a lesson from the folks in this video, and get ready for life’s big fixes before they start.
The secret to being ready for your next “unexpected” expense is to go ahead and expect it. We call this Baby Step 1—saving $1,000 in your starter emergency fund. Save it before you pay off debts, before you save for retirement, and before you fund your kids’ college educations.
First means first.
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And if you need to use your emergency fund, that’s okay. Just replenish it before you get back to the other stuff. It’s a simple way to make sure you have the money you need, when you need it. That way, you can keep your bills paid and continue moving forward without relying on credit cards to see you through!
Start saving your $1,000 emergency fund with EveryDollar. It’s the best way to budget for everything life throws your way!