Here’s a bit of a follow up to my original emergency situation I experienced a couple of weeks ago…
On Sunday July 9, my A/C unit went out and I filed a claim with my home warranty.
Two canceled appointments, three different techs, 15 days later, and $305 spent out of pocket, I can finally say that my A/C is back up and running.
And now I can find a way to recuperate that money back into my emergency fund.
I was lucky enough to have some money saved up which helped with this unexpected expense. However, many families unfortunately are not able to set aside some money to cover an emergency.
I’ve listened to families sharing their hardships and emergencies and am truly amazed at how they manage to survive. And because of their stories, I push myself to help them in any way possible. For instance, I helped a family move homes this past weekend and I donated some much needed house necessities – as well as provided tips on how to better manage their cash flow.
For those of us who have a hard time saving money, we need to consider creative ways to help us get out of our bad habits of overspending.
One fun idea I recently found out about to start saving money is by seeing it as a game – specifically a Money Saving Challenge Idea#ad. The way this challenge works is that there are envelopes with a specific number on it and you simply put in that amount of money in that envelope. If you can follow through with this challenge, you’ll quickly see how much money you can save. Check it out and try it.
This is just one simple tip that can make saving money easier and perhaps fun!
Don’t procrastinate building your emergency fund. You never know when you’ll need it.
As a licensed financial professional, I am here to help families take control of their finances and make sure that their money is working for them. I do not charge consultation fees and there are no obligations to make any sort of commitments.
If you’d like more information, send me an email and ask me your questions.