Make Rainy Day Fund Top Priority
Tuesday Feb 23rd, 2021Share
Experts advise people to set aside enough cash to cover three to six months of living expenses in case something bad happens. Here’s how to get your “rainy-day fund” going:
· Save a little every week, even if up to your eyeballs in bills.
· Pay your rainy-day fund before paying into your retirement.
· Pay the minimums on your credit card for a few months and put the remainder into your fund until you've built it up.
· Go on a spending diet until your fund is built up.
· Sell things you don't need to bolster your fund.