Tag Archives for " emergency fund "
No savings, no emergency fund, nothing to fall back on. That’s where we are now that necessary repairs to our paid off, ten-year old car have been made. I’m sure many of you can relate. That’s why I am sharing How to Save Money when your Emergency Fund is Wiped Out! I know what it is like to have that need, so I want to help you learn how to manage!
Did you know that according to the Federal Reserve, 48% of Americans say they wouldn’t be able to come up with $400 in an emergency, and only 38% could handle an unexpected expense of $1000? We are fortunate as we had $1,500 in an emergency fund. However, spending it to repair the car put us back to ground zero. Now that our emergency fund is wiped out, we need to save money.