Updated: Jun 10, 2020
Can you cover a $400 emergency? Most Americans can’t!
That day you blew a tire. The time your dishwasher overflowed. That vacation when your child got sick far from home and the doctor wouldn’t take your insurance. We all have those unexpected events in life that can lead to financial stress, but it doesn’t have to be that way. Putting aside a few dollars a week into a savings account for unexpected costs can build financial security – and relieve a lot of anxiety!
Saving for the unexpected starts with small, regularly scheduled contributions that build up over time.
In addition to having some money ready, you should prepare for an emergency by securing all the important document and information: https://www.ready.gov/financial-preparedness