With the year winding down, you may have already started thinking of what you'd like to accomplish in the coming year. Most people have 'Save more money' on that list. But you don't need to wait until January 1st to start saving money. Gift yourself an emergency fund this Christmas. It's one of the single best things you can do to improve your financial life.
If there is one thing we all know it is this, it is going to rain. Financial emergencies are going to happen! Tires will go flat, your child will get sick, you may lose your job, a pipe may freeze and burst. What do all of these events have in common? They will all cost you money, and if you aren't prepared, they can cause you to go further into debt.
We've got so many tips and tricks for you to get started with building your first emergency fund. First, you'll need to take a good look at where you stand financially. Check out A Goal Without A Plan Is Just A Wish for a good planning process.
Saving Makes Cents will help you with ways to spend less so you can build your emergency fund as quickly as possible.
Have you tried couponing? In Coupon Your Way to Savings we interviewed one of our Roots of Personal Finance members and resident coupon expert, Alison Schieltz on how to get the most bang for your buck.
You may struggle to find the money to put toward your emergency fund, so find out Are These Expenses Busting Your Bank Account?
Once you start saving and seeing your emergency fund get bigger and bigger, you'll find that it gets easier. You won't mind turning down dinner with friends, so you can add that money to your fund. You'll start to find ways to be able to save more. Before you know it, you'll have peace of mind when an emergency arises and you won't have to resort to a credit card.