Tag: cash savings

importance of an emergency fund

The Importance of an Emergency Fund

I can’t understate the importance of an Emergency Fund. Recently, I had a string of expenses, and if I hadn’t had cash saved up, then I might have found myself in debt.

Recent Expenses

They say when it rains it pours. That recently happened to me. In the past two weeks, I had to replace the battery in my tractor, take my truck to the dealership for service, and replace a power vent for my furnace. In all, I was looking at about $650 in expenses. While not a lot in the grand scheme of things, it was still a decent amount to shell out in such a short time.

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