CharterMeNow
  • Home
  • Auto
  • Business
  • Education
  • Fashion
  • Finance
  • Health
  • Law
  • Technology
  • Travel
Saturday, May 31, 2025
chartermenow@gmail.com
  • Home
  • About Us
  • Write For Us
  • Privacy Policy
  • Our Authors
  • Contact Us
  • SiteMap
CharterMeNow
CharterMeNow
CharterMeNow
  • Auto
  • Business
    • Crypto Currency
    • Freelance
    • Job
    • Marketing
  • Education
  • Finance
    • Investment
    • Trading
  • Food
  • Health
    • Body Building
    • CBD
    • Dental Care
    • Skin Care
    • Vape
    • Weight Loss
  • Home
    • Cleaning
    • Furniture
    • Packers & Movers
    • Pest Control
    • Plumbing
    • Real Estate
    • Roofing
  • Law
  • Technology
    • Application
    • Crypto Currency
    • Gadgets
    • Gaming
    • Graphic Design
    • Hardware
    • SEO
    • Social Media
    • Software
  • Travel
Home » How to Budget for Life’s Suprises
Home

How to Budget for Life’s Suprises

Naman Sanghavi
March 22, 2018Naman SanghaviHome1.66K views
posted on Mar. 22, 2018 at 9:26 amMarch 27, 2018
1.66KViews

When an unexpected expense occurs, many people rely on credit, but a better way exists. You should set aside money to have readily available in case of an emergency, what’s known as an emergency fund. At a minimum, an emergency fund should consist of three months of your living expenses. If you have dependents, your emergency fund should consist of six months of your living expenses. Find out ways you can budget for life’s surprises.

The Need for an Emergency Fund Is Real

A recent study found that 78 percent of full-time working Americans live paycheck to paycheck, having no cash reserve to deal with emergencies. Some common surprises that may call for cash reserves include the following:

  • Unemployment
  • Home repairs
  • Illness
  • Unexpected travel
An Emergency Fund Saves You Money

For hard-working people struggling financially, saving money may not seem feasible or realistic. If you are living paycheck to paycheck, you may not realize the ways you can adjust your current spending to save money for unexpected expenses. By adjusting your spending, you can actually save yourself more money in the future.

For example, money spent on furnace installation and maintenance services, such as regular tune-ups, can help you avoid higher expenses later. By using emergency fund money to pay for furnace maintenance, you can avoid paying costly heating bills, HVAC repairs, or new furnace replacements.

Starting an Emergency Fund

Starting an emergency fund may seem overwhelming, especially if you feel like you are financially strapped. Below are some tips you can follow to begin saving money:

  • Set a target goal for the amount of money you would like to save.
  • Start small and keep your savings’ contributions to an amount that makes you feel comfortable.
  • Gradually increase your contribution so you can meet your goal.
  • Find ways to save money on your bills, such as using coupons when grocery shopping.

A high-yield savings account is a good place to keep your money. Automatically depositing money into your savings account so that you are not tempted to spend it can be most helpful to you.

When You Shouldn’t Use Your Emergency Fund

What are some occasions when you shouldn’t use an emergency fund? Your emergency funds should not be withdrawn and used for leisure costs, such as taking a vacation or planning a party. An emergency is one that affects your livelihood: It is not something you could have planned for, such as your home’s monthly mortgage bill.

General savings should be used for non-emergencies. If you cannot contribute to both accounts, an emergency fund and a general savings account at the same time, begin contributing to the general savings account once your emergency fund reaches a reasonable threshold.

Everyone can prepare for unforeseen life emergencies. Life is stressful enough without having to scramble to pay for a last-minute surprise. After all, having an emergency fund can mean the difference between being financially prepared during an emergency situation or going into debt because of one.

Tags:emergency fundfurnace installationheating billsHVAC repairslive paychecksavings account
tweet
Share on FacebookShare on TwitterShare on LinkedInShare on Email
Naman SanghaviMarch 22, 2018
previous article

4 Famous Landmarks to Visit in Los Angeles

next article

SEO Requirements for Wholesale Suppliers

Leave a reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

You Might Also Like

From Consultation to Installation The Complete Guide to Window Replacement Services
Home

From Consultation to Installation: The Complete Guide to Window Replacement Services

Sean GouldSean GouldNovember 12, 2024Home1.22K views
1.22K
read more
Which Kind of 48 Inch Vanity Should I Choose Wall Hung or Freestanding
Home

Which Kind of 48-Inch Vanity Should I Choose: Wall-Hung or Freestanding?

Naman SanghaviNaman SanghaviMay 6, 2024Home1.16K views
1.16K
read more
Home

Which Swimming Pool Winter Cover Should You Buy?

Hannah CharltonHannah CharltonJanuary 24, 2022Home2.66K views
2.66K
read more
Home

Why A+ Homes Matter Like Never Before

Naman SanghaviNaman SanghaviOctober 14, 2021Home2.07K views
2.07K
read more
load more

Find Us on Socials

Categories

Find Us on Facebook

Popular Views

All facts you need to know about Asian date search

December 22, 2020

Promote Your Business with Search Engine Optimization

August 21, 2018

Why people choose YouTube as the best source of income?

July 5, 2021

Dental Disease In People With Serious Mental Illness

March 8, 2019

Archives

Editors’ Picks

Technology

Health

Fashion

Travel

Weekly Posts

Tips on How to Cadillac Rainbow Flowers that Suits You
CBD

Tips on How to Cadillac Rainbow Flowers that Suits You

Ewan BuckleyEwan BuckleyMay 23, 2025CBD73 views
73
A Comprehensive Guide to the Texas Student Loan Landscape

A Comprehensive Guide to the Texas Student Loan Landscape

April 7, 2025
10 Best Practices for Maintaining Pressurised Tanks in Industrial Settings

10 Best Practices for Maintaining Pressurised Tanks in Industrial Settings

March 17, 2025

How to Set Up a Business in UAE and Expand Globally

March 4, 2025

Recent Posts

  • Tips on How to Cadillac Rainbow Flowers that Suits You
  • A Comprehensive Guide to the Texas Student Loan Landscape
  • 10 Best Practices for Maintaining Pressurised Tanks in Industrial Settings
  • How to Set Up a Business in UAE and Expand Globally
  • How to Improve Your Dog’s Digestive Comfort

Charter Me Now is a blog that is dedicated towards providing informative articles or blog posts on different niches or categories namely, Auto, Business, Education, Finance, Health, Home, Technology, Travel, etc. Our blog is managed and run by a team of experienced experts and bloggers, with the main aim of sharing new and relevant information with our readers from across the globe.

Quick Links

May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    

Recent Posts

Tips on How to Cadillac Rainbow Flowers that Suits You

Tips on How to Cadillac Rainbow Flowers that Suits You

May 23, 2025
A Comprehensive Guide to the Texas Student Loan Landscape

A Comprehensive Guide to the Texas Student Loan Landscape

April 7, 2025
10 Best Practices for Maintaining Pressurised Tanks in Industrial Settings

10 Best Practices for Maintaining Pressurised Tanks in Industrial Settings

March 17, 2025

How to Set Up a Business in UAE and Expand Globally

March 4, 2025

© Copyright 2025 chartermenow.com | All Rights Reserved

  • Home
  • About Us
  • Privacy Policy
  • Write For Us
  • Our Authors
  • Contact Us
  • SiteMap