Ideally, everyone should have an emergency fund. This is not the same as savings. A savings account and its purpose is both short-term and for the distant foreseeable future.
Car accidents don’t just cause mental and physical damage: they can wreak havoc on your finances too. Non-fatal car accidents cost $78,900 on average, and when there is serious physical damage or life is lost, the price tag can be quite steep. From affording a new car after a crash to the medical bills and disruption in your work income, getting into a car accident can cause a long-lasting impact on your finances and your path to recovery. The better you can navigate the financial fallout after your accident, the sooner you can focus on healing and moving on.
Personal finances are a stress for just about everyone regardless of age, gender, race, or even what job they work. Money makes the world go round…and not having enough can lead to all kinds of problems.
By now, many of you would have seen the headline that a startling amount of consumers are living paycheck to paycheck. Around 40 percent of Americans cannot cover a $400 expense comfortably, according to the Federal Reserve’s Survey of Household Economics and Decision Making. With many households being short on cash and facing increasing debt levels, paying … Read more
