Building your Emergency Fund
Before you start stashing away your money for an emergency, the first step in building your emergency fund is to figure out just how much money you have to put aside in the first place.
People often dont know where theyre spending their money. Once you can account for every penny, its a lot easier to decide where you can cut back and start to save.
You cant always account for emergencies so it is more critical to build the fund as fast as possible.
Quiet time helps you recharge your spiritual batteries and give you the time you need to reflect on life and make better choices.
Emergency Cash Now
Search eBay for big ticket items and then save literally hundreds on computers, DVD players, etc.
Your money is whisked away into your IRA, 401(k) or money market accountand you dont have to do a thing to make it happen. You will transfer money to pay your bills, but youll think twice about withdrawing additional cash. One final idea is to start up a charitable fund. Aim for a ! Youll save about 50% on your furnace costs, even 30% over having a high-tech digital thermostat.
|