Preparing for Unexpected Financial Challenges
I think most of us agree that saving money is important, but are we putting our money where our proverbial mouths are? According to a 2015 survey, 35% of American’s had no savings, and 34% had less than $1,000. This means that 69% of Americans are financial fragile. When life starts throwing curve-balls at them, these individuals and families likely will not have the necessary funds to meet the challenge(s). It also begs the question: “Is just one savings fund enough to meet all my life’s financial challenges?” The answer is not really. If all you have is one savings fund, it is still worth taking pride in. Saving money can be very difficult and any progress you’ve deserves celebration. But don’t stop with one. There are three basic types…
