While many people are familiar with saving strategies for the long term, some forget to have an emergency fund for sudden, unforeseen circumstances that could arise. Being financially prepared to handle emergencies can put your mind at ease by ensuring that you have the necessary funds to stay afloat should something serious happen. When you …
Losing a job can be one of the most challenging experiences you’ll ever face. Most people live paycheck to paycheck, relying on income from a consistent salary. Unfortunately, Covid-19 decimated the job market. As some businesses downscaled and others closed completely, the unemployment rate rose to 15% in 2020. Even though the unemployment rate has …
No matter how much we plan, how much we avoid unnecessary risk, how prudent we are with our spending – financial setbacks can occur at any time. Learning how to adjust your retirement savings is the best way to guard against uncertainty and strengthen your financial well-being. Types of Financial Setbacks You May Experience Most …
Our society pressures us to spend, spend, spend at every opportunity, so it can be difficult to think about setting aside cash for a rainy day. Having an emergency fund that you can tap into during a time of financial hardship or uncertainty can help bring peace of mind. An emergency fund can act as …
What is an emergency fund and how much do you need? Read More »
