How To Guide For: Understanding The Importance Of Having An Emergency/Rainy Day Fund

It's important to have an emergency/rainy day fund in place because at any given moment an unexpected expense or expenses could arise and you would need to think quickly and decide how you are going to cover those expenses. But with an emergency/rainy day fund you would be able to quickly and easily without worry cover the expense or expenses. We all have financial responsibilities and sometimes an emergency/rainy day fund is not really a priority but I'm here to tell you that you can start small with any loose change that you may have once that loose change accumulates you can take it to your bank and open an additional savings account for emergency situations only. Another way to start an emergency fund or to grow an existing emergency/rainy day fund is with a tax refund if you're expected to receive one after filing your taxes. What you could do with the tax refund is take a portion of that refund and put it towards your emergency/rainy day fund. The more money you put towards growing your emergency/rainy day fund the easier it will be to stay afloat financially. To learn more about the importance of having an emergency/rainy day fund --click the pictures below to read the articles.