With natural disasters ravaging the United States right now, it has put some things into perspective. First, I thanked god, and my lucky stars for having such a beautiful family. Then I thought about all of those poor families who are living in limbo, because their houses are under water. What happens to the families who didn’t have the savings to be able to afford a hotel? Or to travel away from the danger? Or even have a vehicle to get to safety.

This is what made me want to write this article. My hope is I can help someone start saving enough money, to hopefully build emergency fund.  Your emergency fund should include savings for housing expenses such as rent or mortgage, property taxes, insurance, food, and utilities. It is recommended to have six to nine months’ worth of wages. But anything is better than nothing when it comes to an emergency fund. Start small, and build from there.

Stressed Out Over Debt Couple

When you get paid, you need to learn to pay yourself first. This means each time you get paid, the first thing you should do is set aside a portion of your earnings to save before taking care of bills and other necessities. This guarantees that the money you should be saving, is actually being saved. In order for this to work, there are a few things you need to do first.

  1. Set up an automatic transfer into your savings account, preferably at a different bank.
  2. Record Your Expenses.
  3. Budget your important bills and set up bill pay though your bank.
  4. Prioritize your savings over your debt (credit cards can wait, your families well- being is more important)
  5. Plan on Saving a small portion in the beginning, and increase it every month (work up to at least 20%)
  6. Watch your Savings grow
  7. Enjoy your life, and have peace of mind during an emergency

When you have an emergency fund; your family will be prepared for those unexpected scary moments in life. Remember, starting small is better than not starting at all.  This should give you and your family peace of mind.

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