Today I decided to talk about emergency funds. I grew up in a family that lived paycheck to paycheck and I hated it, sometimes we didn't have the money to pay our bills and the electric or cable would be turned off. When I asked my mother, she would say that she didn't have the money to pay it and it would be payed within the next few days. As I got older I decided that I would better budget out my money and live within my means. I read books, I started writing down my bills and what I would spend each month. While that was fine and dandy, I realized I still wasn't keep track of everything. So I was told by a friend to open a spreadsheet and write it down, then I would total it so I knew what money I would spend each month and had it written down. After I did that, I was able to figure out what money I could send to my savings and decided to start an emergency fund. I would take a few dollars per month and add them to my savings account and not touch that money. After awhile it adds up and you have a small sum to cover those months when you need a little extra money for bills, for automotive costs, and any other unexpected funds that you may not have planned for.
Have A Frugal Day!
