Saturday, May 7, 2011
You have to do this!!
A word to the wise: You must have an emergency fund ($500-$1000). Life happens and you will look to anyone or anything to help you out. Credit cards will catch your immediate slack, but in the end it will cost you in payments and interest. As an aside, when you charge, you are commiting next month's (or next year's) money that you haven't even earned yet? Keep your budget on a "pay as you go" basis. If you order online or can't use your debit card, put the cash to cover the amount in an envelope and set it aside. When the statement arrives, deposit the cash into your checking account and then write the check or transfer the funds. You have still paid the bill within that month's money.
Subscribe to:
Post Comments (Atom)
We live far from family. We decided due to the distance we needed a larger emergency fund. It was a true blessing when my Father-in-law became ill and we had to make an unplanned 'emergency' trip back east. We went to the bank withdrew some cash. Packed our clothes and were on the road in under an hour. It was wonderful not to worry about money, where to get it or how to pay it back.
ReplyDeleteHaving an emergency fund blessed us all the way around.