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Friday, August 20, 2010

So What if I Don't Have Money Set Aside in Savings?

If you don't have money set aside in a minimum of $1,000 emergency fund, you need to get serious right now on how to start saving. There is no doubt about it, you must build up a savings reserve. Start getting creative on ways you and your family can reduce your expenses or even increase your income so you have money in case the need arises. DO NOT depend on your credit cards as a savings device. The only true savings is one that is cash. There is nothing more important then your family itself than having an emergency fund of $1,000 and building it up to 6 to 8 months of income.

(photo via credit.com)

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