Emergency Funds for Things That Won't Happen to You - The Dollar Stretcher Review
Welcome to Dollar Stretcher Community Sign in | Join | Help
in Search

The Dollar Stretcher Review

My take on articles and ideas presented on Dollar Stretcher.

Emergency Funds for Things That Won't Happen to You

Not gonna happen to you, huh? It wasn't gonna happen to me, either. 

But it did. 

Major health problems hit early last spring. Surgery and treatments afterward cost money. A lot of money. Thank heavens for health insurance, but even at that, I was responsible for thousands of dollars out of pocket. Then my car broke down. 

What was I thankful for? An emergency fund and extra savings that were easy to get to. I had resisted putting money into funds that would take weeks to access, not because I'm so smart, but because I'm hard headed. Lucky, some call it. 

I know it won't happen to you.... but just in case, you might want to take another look at your financial backup plans. Make sure you can get to the money immediately. Emergency savings can be critical to your survival when you really need them. It may not be as drastic a situation as I had last year, but a refrigerator that quits working needs to be replaced now, not next week. 

Don't depend on credit cards to fill in the time gap because they have a way of getting away from you. Even if you determine that you'll pay them off as soon as your money comes in, things happen. 

Do depend on your emergency savings. That's why you're putting money in there, to use when you need it. 

Believe me, you'll be glad you took the easy, direct way of handling a financial emergency. 

Financial Emergencies
Emergency Funds
Creating an Emergency Fund


No Comments

Leave a Comment:

You must be logged in to leave a comment. Log in here.

If you do not have a log in, please register here. It's easy and quick. All that is required is your email address and a sign-in name and password that you create. Your email address is kept private.

The Dollar Stretcher has a new community! Click here to check it out and create your new account.

Share this Post

This Blog



My take on articles and ideas presented on Dollar Stretcher.
About Us    Privacy Policy    Writers' Guidelines     Sponsorship     Media    Contact Us

Powered by Community Server (Commercial Edition), by Telligent Systems