Keep your head above water with an emergency savings account.
Even if you’re super organised and on top of your money situation, there are times that well ‘life happens’.
🔺Unexpected expenses will crop up – it is unavoidable! It could be;
– home repairs
– Family emergency
– Car repairs
– Vet bills
Emergency Accounts – Of course it would be ideal to have 3 to 6 months of expense funds stashed away for these emergencies but that’s not a realistic starting point for most of us.
Start with $50 then build to $200 then $500 and keep going until you have enough to make you feel comfortable.
Set up the Savings Account and organise an automatic transfer of however much you can afford each pay. Even $5 a week will give you $260 in a year.
Turn it into a challenge. Skip your coffee one morning a week and transfer the cost of your coffee over to your savings account straight away.
It will take commitment and maybe a little sacrifice but hey you are doing it for YOU!