What if you were unable to work for 30 days? What would that look like?
How long could you go without a paycheck? Do you know how much it cost to live each month? If your answer is “I don’t know,” you’d better find out. It’s been said over and over again, most American’s are one paycheck away from bankruptcy.
If you were out of work for 30 days, what would happen? Could you pay your bills without using a credit card? What’s your rainy day fund look like? I’m willing to bet you don’t have 30 days of living expenses in savings.
If you don’t have the ability to pay all living expenses for 30 days, start saving now. Call it your emergency fund. Call it your rainy day, just in case fund. Once you get that money saved and don’t touch it except for extreme emergencies, you’ll have a piece of mind you never knew was possible with your money.
By the way, a sale at your favorite store in the mall is NOT an extreme emergency!
To Your Financial Freedom,
Greg Whitaker
Copyright 2012, All Rights Reserved
