How To Build an Emergency Fund ->> FAST!! #WMW16 @WomensMoney
#WMW16, Budgeting, Goals / Taking Action, Money in Your 20s/30s/40s/50s/Retirement, Saving & Investing, Women's Money Week
If you don't have much or any emergency savings, take heart. You're not alone. According to Credit.com, many people aren't adequately prepared to manage paying for an unexpected expense or emergency. According to the Federal Reserve's 2014 Survey of Household Economics and Decisionmaking, 47% of Americans say that they wouldn't be able to cover a $400 emergency expense. That often leads to maxing out credit cards, taking out expensive short-term loans, or worse.Here's a few tips to help you start and build an emergency fund in the fastest way possible (other than scoring a major windfall).Start Focusing on the "Inconvenience Fund"As the study mentioned, most Americans can't afford an unexpected $400 expense. This often times isn't even considered a true emergency...it's mostly an "inconvenience" like car tires, parking ticket, unexpected…
