Have an emergency fund for unexpected expenses
Money Tip: Have an emergency fund for unexpected expenses
👉🏼You can budget down to the dollar but things will always come up. It’s important to have an emergency fund for these things because you can’t predict them in the budget
👉🏼Examples of emergencies to be clear: car emergencies, doctor emergencies, an unexpected bill in the mail, etc. NOT…. a purse that’s on sale. You can budget for clothes but don’t go out of your budget range and pull from savings to buy something that’s not a necessity. If you do it once, you'll keep doing it then your savings will be gone. Trust me I know!
👉🏼Start with $1,000 emergency fund minimum and work your way up.
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