Emergency Fund

Situations Where An Emergency Fund Would Be Helpful

A surprise expense is something that nobody can predict. If you have no emergency fund, these expenses can be extremely difficult to handle. There are many situations where having emergency cash would come in handy. Learn more about payday loans with bad credit at

You Get Fired
As LearnVest notes, with the state of the economy leaving many people’s employment situations in limbo, there has never been a better time to have an emergency fund. If you are one of the unfortunate who gets fired, you’ll need some source of income. Having cash set aside can help you cover your bills while you are between jobs.

The Only Job You Can Get Requires A Move
After getting fired, you’ll need to find a new job. If this job requires you to move, you’ll need a way to fund that move. With the costs of transportation, a down payment on a home or first months rent on an apartment, the move could get pricey. If you have an emergency fund, you’ll be able to cover these costs without worry, according to the source.

There Is A Strange Noise Coming From Your Car
Car repairs are one of the most common surprise expenses. They can be expensive in many instances as well. With it being nearly impossible to tell when you’ll need a major repair, having an emergency fund will help in times of need. In all likelihood, your car is your main means of transportation, so it is important that you can pay for the repair.

In order to best prepare yourself, you should create an emergency fund now. According to Kiplinger, there are a couple ways to put away enough cash for an emergency.

1. Find Ways To Cut Back – One of the easiest ways to begin an emergency fund is to finds ways you can cut back. Look over your budget and see if there are any areas you are overspending. If you find any, put the extra money into a savings account for any surprise expenses.

2. Put Spare Change In A Jar – Although it may not seem like it would generate much, putting spare change in a jar is a good place to start. Over time, that quarter that you put in each day will add up to become a solid emergency fund. It probably isn’t the fastest way, but it is a good starting point for someone who doesn’t have a lot of money to save.…


Technology A Major Part Of Successful Banking

When it comes to ensuring your financial well-being, it’s important to stay on top of your finances. While the internet and smartphones make this task easier, you may still be able to take advantage of cash advance loans if you are confronted with an unexpected repair bill you can’t afford.

According to a recent poll conducted by Verve Mobile, a vast majority of Americans recognize the perks of mobile banking and use it to their advantage. Meanwhile, financial institutions and third party developers have recognized this growing sentiment and have created new and improved programs to improve the mobile banking experience.

The key features of mobile banking used by consumers are to make money transfers, pay bills and receive alerts regarding activity on their account.

Respondents also revealed that many of them use mobile banking apps to more efficiently locate things, such as ATMs and branches of their bank, in order to conduct in-person banking.

Keys To Successful Banking
Although mobile baking makes handling your finances much easier, there are still some key fundamentals you must adhere to have long-term success.

The first steps to successful finances is respecting your money. Habits such as overspending, regularly overdrafting your bank account and failing to put money away can come back to haunt you one day.

Try to avoid bad money habits like the plague. A good way to keep yourself in check is to fine-tune your money management skills by creating a realistic budget that fits your lifestyle.

To get started, track your earnings and spending for a couple of months. This includes everything from paying rent to purchasing a cup of coffee. Every expense counts, so hang on to receipts and this will paint a picture of there you tend to spend your money. With this information, you can start to cut back spending on non-crucial items.

Start Saving For A Successful Future
Saving money is easier said than done, but if you know where all your money goes, this is a good first start. Experts generally recommend taking at least 10 percent of every paycheck and putting it into a saving account separate from your day-to-day account.

Once you have money in this account, don’t touch it unless you have a financial emergency. The longer this money sits unused, the more time it has to grow and mature by accumulating interest.

Even if you never end up using this money, this could be put toward long-term financial goals, such as buying a car, house or saving for retirement.

Ask For A Pay Raise
The more money you earn, the easier it can be to save, as long as you control your spending. Therefore, asking for a raise may be best.

If you have been at your job for a while and have a successful track record, you may be able to approach your boss about receiving additional compensation. Just make sure to keep it professional and talk to your superior when you’re on their good side.…