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Emergency

Get the Financial Help You Need During the Government Shutdown

The government shutdown is now causing many Americans to wonder how they will survive financially. By some estimates, 380,000 workers are furloughed indefinitely without pay, while an additional 420,000 are working without pay until the shutdown ends. With no immediate end in sight, more than 800,000 federal workers nationwide will be without a paycheck this Friday. This will be the first payroll distribution affected by the shutdown.   The Federal …Read More

When Does It Make Sense to Use an Emergency Fund?

Your commitment to building an emergency fund has been rewarded with a healthy financial buffer. If you’ve been following the general advice regarding the size of a “rainy day” fund, you should have saved at least three-to-six months worth of living expenses. But, when should you actually tap into this emergency fund? What is considered a financial emergency? Each person has his or her own ideas of when it makes …Read More

Financial Post Disaster Checklist

Although we’ve all heard that we should be prepared in case of a disaster whether it be a house fire or a hurricane, we often put it off thinking the chances aren’t very high that anything will happen. But when a natural disaster strikes, there are so many pieces to take into consideration. Here’s a post disaster checklist to help! Contact your flood and home insurance companies and file insurance …Read More

Best People to Reach Out to in a Financial Crisis

If you are falling into a financial crisis, there are certain steps you can take to help you regain control of your financial situation. One vital step to take that opens a pathway to other options is talking people who understand their finances and can help you better understand yours. Here is a list of some of the best people you can reach out to if you are falling into …Read More

How to Start Saving an Emergency Fund

 By Joey Johnston Financial experts agree it’s a good idea — really, a necessity — for all consumers to build an emergency fund that covers three to six months of living expenses. It prevents a bad situation from becoming a catastrophe if there’s a job loss or unexpected financial circumstances. But what if you have no emergency fund — as in zero? What happens if there are no savings, no …Read More

Are You Ready for an Emergency?

By Mark Foster Recently Bankrate.com released a staggering statistic stating, “66 million U.S. adults have no savings.” Let that sink in for a minute. That’s the same number as the population of California and Texas put together! That’s a lot of people living paycheck-to-paycheck, and living on the edge of a financial cliff. It can be easy to put off the task of building your savings account, however the reality …Read More

Create and Grow Your Emergency Fund Safety Net

By Mark Foster Emergencies are a fact of life. A lot of things in life aren’t planned – a flat tire, an emergency room visit, or a broken air-conditioner, for example. The question isn’t whether an emergency will pop up, but whether someone is prepared for it or not. Many people are not financially ready for an emergency. In fact, 39 percent of American adults have no savings to cope …Read More

Build Your Emergency Savings Cushion

By Mark Foster Although the Great Recession is over the economy still seems to be merely limping along. Thirty-nine percent of adults do not have any non-retirement savings, according to a survey by the NFCC. Saving is an essential goal to have. Emergencies are a fact of life. It’s not a question of “if” you will ever have an emergency, but “when.” So having money saved is a necessity. Fifty-nine …Read More

Why You Need a Social Media Will

 By Jason Alderman By most estimates, over half of adult Americans haven’t written a will stating how their assets should be distributed after death. Fewer still have bothered to appoint someone to make financial and health care decisions on their behalf should they become incapacitated. And now we can add another necessary, but probably overlooked legal document: a social media will. That’s right – in this age of email, password-protected …Read More

How to Save Money for a Rainy Day

By Lauralynn Schueckler Saving money for a rainy day may seem impossible at times. Everything around us seems to be increasing in price, yet pay remains stagnant. Everyone should attempt to put away money for an emergency, even if it is only a little at a time. Some easy ways to save money for a rainy day that will not require major changes to your budget include: • Throwing all …Read More