What are
your worries about emergency funds?
Not exact matches
And, while you have an
emergency fund, it is not enough to cover your bills and living expenses for a year, and you're
worried about what would happen if you became suddenly unemployed, injured or otherwise unable to work.
That's why LoanMart is here to offer you the
emergency funding that you may need without
worrying about your credit score.
While 27 % cited paying off their debt as their main concern, 18 % pointed to not having enough money to retire, and 16 % said they were
worried about not having an
emergency fund.
In short: by expecting the unexpected, you can sidestep this issue and not
worry so much
about missed returns on the
emergency fund.
And really, that's what
emergency funds are for, so you can make it through these completely random, crazy events without also having to
worry about money in the short term.
Instead of
worrying about debt, you can focus on things like bulking up your
emergency fund or saving money for a down payment on a home.
By having a separate account for this, we never have to
worry about depleting our
emergency fund or any other «dedicated» savings when we come across someone in need.
Keep your
emergency savings in a low - risk investment like a money market
fund so your money will be easy to access and you don't have to
worry about the value of your savings changing over time.
Or you can not buy it, still have to pay the individual mandate penalty, and
worry about blasting through your
emergency fund and heading straight for looming bankruptcy every time you trip over the rug in your apartment.
Having 3 - 6 months» worth of savings in your
emergency fund means that you can focus on finding another job without
worrying about how you'll make ends meet for your family.
• Being able to reduce your debt as you increase your savings • Building a college
fund without sacrificing to do so • Easily creating an
emergency fund • Recapturing the cost of business and professional expenses • Recapturing the cost of the interest you currently pay to financial institutions • Enjoying financial freedom as well as a secure retirement without
worrying about market fluctuations • Having a guaranteed tax - free death benefit • Having access to tax - free withdrawals, loans and growth