In life, things come up. Your car breaks down. You need a new furnace. Things happen. Are you prepared to deal with those issues if they come up today? Many people do not have cash put aside to deal with emergency situations. It is time you do.
I have a savings account at ING Direct that all extra cash goes into at the end of the month. Some people are not as disciplined and use an auto-deposit. Many finance bloggers have a fund like this. Some call it the Freedom Fund (Well Heeled). Some call it simply an emergency fund (Fabulously Broke). I don’t have a name for mine beyond ING Direct savings.
The point is that you need to save. What if? That is the big question here. What if something goes wrong? You have to be ready. Today is the day to start that fund. Commit to save.
