Sentences with phrase «as an emergency fund instead»

Not exact matches

It might seem counter-intuitive to focus on saving money instead of paying off debt, but having a $ 1,000 emergency fund in place first provides a financial cushion so that unplanned expenses, such as medical bills and home repairs, don't completely derail your debt - repayment plan.

Instead, save money and use it as an emergency fund.

so my question is less about emergency fund balances as i'm pretty confident they'll grow steadily and more about, I guess, and please correct me if I'm wrote, whether or not the 6.9 - 7.9 % average returns for ROTH IRA mutual funds is a dependable enough guess that it would imply I should put the $ 5500 there instead of toward the 5.5 % mortgage (which I guess is actually lowered when you consider tax writeoff).

Instead, I would recommend setting some money aside as an emergency fund to pay for unexpected injury.

So you have an emergency fund, or maybe not, but there comes along a purchase, such as a home repair, that you decide might be best to charge it instead of tapping into your emergency fund.

Instead, focus on putting the extra money toward your savings to cover your emergency fund or to support future goals such as buying a car.

Instead of looking at your emergency fund like yet another savings category, look at it as a way to strengthen your entire budget.

I want you to only pay the minimum due on your credit card balance and instead make it your top priority to build as much of an emergency cash fund as you can.

The problem is that many people overlook the importance of creating an emergency fund and instead rely on their savings accounts like a 401 (k) as a safety net.

The bill also includes a $ 5 million appropriation to develop a Federal Emergency Management Agency Flood Map Modernization Fund, instead of an assessment of mortgage transaction fees, as HUD proposed.