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Look, saving money for disaster is no different than saving money for retirement. What I mean by that is that it sucks and we are not good at it. That’s the bottom line when you are talking about Americans. We struggle to make sound decisions with our money. The data is there.
So how on earth are we to prioritize an emergency fund and get dollars into that fund? It seems like something that just doesn’t fit. Still, being caught without some cash on hand in a disaster is going to sting. Here are three things to consider when you are thinking about your emergency fund. Give them a try and you just might be able to get some cash stored away for when you need it most.
For some reasons people in the prepping and survival community can avert there gaze when it comes to using tech to help them. It’s silly. There are apps out there that will help you save more money and you won’t even notice its happening.
Trim the Budget
We all spend on things that we just dont need to. One area to really look over is a review of all your subscriptions. From boxes to services we have auto drafts happening on a monthly basis that we might not even remember!
Go over your bank statement and see if your shaving club subscription is something that you really need.
Dont Touch IT!
Now, the first two are pretty easy compared to this one. You have to leave that money alone! That can be a serious challenge. Lots of people can put money away but then something comes up or something new comes out and all the sudden, that money disappears.
You have to make a point not to touch that emergency fund except for emergencies and the latest and greatest does not constitute an emergency