Tag Archives: Emergency Fund

5 Simple Ways to Save for an Emergency Fund

5 Simple Ways to Save for an Emergency Fund

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There’s nothing worse than having a financial emergency come up and not knowing how you’re going to pay for it. More often then not, you’ll ¬†end up paying for your emergency using a credit card or taking out a loan. These options always cost more in the long run due to the interest that you’ll be paying. Part of living a frugal lifestyle is eliminating waste and unnecessary expenses. That interest would definitely qualify as an unnecessary expense that can be eliminated by some planning ahead.

Throw your change in a jar at the end of the day

Most of us come home at the end of the day with some loose change in our pockets. Set up a jar that is in a convenient place and simply deposit your change in the jar when you get home. You’ll be shocked how quickly it adds up. Don’t be surprised if you have a couple hundred dollars or more at the end of a year. Continue reading 5 Simple Ways to Save for an Emergency Fund