This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/emergency-fund-100/
This exclusive trade related news Article, was chosen personally by Marcus lee, who is one of our undercover online business news reporters – will provide you further insight in how these points of discussion could be translated into your own business Launchs.
It’s not easy to build an emergency fund, but I have yet to meet someone who has said it wasn’t worth it.
I’ve said often that building an emergency fund was the best thing I’ve done for my finances, my relationship, and my mental health.
Again, it wasn’t easy.
My wife and I built our emergency fund through side hustles, saving money on groceries through couponing and meal planning, as well as increasing out 9-5 income.
We also made our emergency fund a priority over all our other financial goals. We had a ton of student loans and there was always “something else” that we could put our money towards (or in some cases needed to put our money towards).
In my book Student Loan Solution I interviewed Paulette Perhach, author of Welcome to the Writer’s Life, and she stressed the importance of an emergency fund. She actually refers to it as a “f*** off fund,” which may be a bit harsh for some people. But the underlying message is important: without money set aside, others have control over you.
Perhach explains an F off Fund like this:
A FoF is enough money to tell anyone who deserves to be told to f off to indeed do so. It’s the money you need to keep creepy or abusive people out of your life. Sadly, many of these people do an Academy Award-level job of acting nice or normal, until they realize they have power over yo… Read More
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