August 01, 2019
Why bother with an emergency fund? Because, as John Lennon wrote, “Life is what happens to you while you’re busy making other plans.” Here are eight challenges that can hit you quickly but hopefully won’t take too big a bite out of your budget if you’re prepared.
After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.
One in three American families have no savings at all, leaving them woefully unprepared for unexpected financial costs, according to a recent study from The Pew Charitable Trusts. The study also revealed that 41 percent of households didn't have enough liquid savings to cover even a $2,000 financial shock, even with incomes of more than $85,000 per year.
It's important to be ready financially after purchasing a car. Learn how you can prepare your finances to handle any auto emergency that may occur.