Sentences with phrase «pay for emergency expenses like»

Not exact matches

Or, you may want to have two emergency funds: one to cover smaller expenses like minor car repairs, and a larger one that you could use to put a new roof on your house if needed or pay your bills for a few months if you become unemployed.

The premiums you pay into the policy also have the potential for tax - deferred growth, building cash value that can be tapped * for emergencies or planned expenses like school tuition.

63 % reported «sufficient emergency savings to pay for unexpected expenses like car repairs or a doctor visit.»

That means if an unexpected emergency expense comes up (like your car or house needs sudden repairs), you can postpone paying off your credit card balance for a month or two to free up funds that can cover the more - pressing issue.

And don't invest if you're doing so at the expense of other short - or long - term goals like saving for retirement, taking advantage of your employer's 401 (k) match, funding an emergency savings account or paying off high - interest debt.

Business owners often use merchant cash advances for things like buying inventory, paying employees, making emergency repairs, marketing expenses, purchasing equipment, and other short - term expansion projects.

The money that you truly need access to at all times and that you really can't afford to put at any risk — say, a cash reserve for emergencies and unexpected expenses, cash to pay a year - to - two's worth of retirement expenses beyond what Social Security and any pensions would cover — would go into the most secure and most liquid investments, by which I mean an FDIC - insured savings account or money - market account and / or a highly secure investments like a money - market fund.

-- Emergency Savings — Christmas Fund (on my own I would probably not save up much for Christmas, but my dad is a very traditional farmer and I don't think he'd enjoy the holidays as much if it wasn't more traditional, so I plan head for it for him)-- Periodic Savings Fund (for all my quarterly / yearly expenses like car insurance, or if I need to save up for new tires before winter)-- Mortgage Savings (to transfer my mortgage payments to each paycheck since I pay half out of one paycheck and half out of the other.

Other popular reasons for having life insurance include: Income replacement for dependents; to pay off debt like a mortgage or a line of credit; to create an emergency fund; to cover final expenses incurred upon your death; for estate planning reasons or to leave money to a favourite charity.

The idea is to have enough money available to pay for regular bills or emergency expenses, like needing to replace your furnace or unexpected dental work, without having to take out a loan.

Here's how it works: 50 % of your take - home pay should go to your fixed expenses — those expenses that you have to pay like your rent, mortgage, groceries, car payment, etc. 20 % of your take - home pay should go to your savings - this includes your contributions to your 401 (k), IRA, ROTH and your high - yield savings account for emergencies (hint, see the next rule).

You might also need a personal loan to pay for a medical procedure, finance a renovation on your home, start a business, or to cover the cost of an emergency expense like a trip to see a loved one who is ill.

Or, you may want to have two emergency funds: one to cover smaller expenses like minor car repairs, and a larger one that you could use to put a new roof on your house if needed or pay your bills for a few months if you become unemployed.

Here's how it works: 50 % of your take - home pay should go to your fixed expenses — those expenses that you have to pay like your rent, mortgage, groceries, car payment, etc. 20 % of your take - home pay should go to your savings - this includes your contributions to your 401 (k), IRA, ROTH and your high - yield savings account for emergencies (hint, see the next rule).

And 63 percent reported «sufficient emergency savings to pay for unexpected expenses like car repairs or a doctor visit.»