Finance with Chocolate Sauce

9.)    Start an emergency fund- When you are meeting your basic living expenses begin even if you save $10 a week savings for an emergency fund. In the book Automatic Millionaire, David Bach says that “The reason most people don’t have any emergency money in the bank is that they have what they think is an emergency every month…an emergency is something that threatens your survival, not just your desire to be comfortable.”  Save regularly and once you have a better handle on your debt and future savings, then add a bit more aggressively and until you have three months, or even six months of paying all your bills saved. This is the goal.

Tagged: a few dollars a week, an emergency threatens your survival, basic living expenses, Emergency fund, get a handle on debt, survival

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