If You Can’t Create an Emergency Fund, Start a Bank Change
It is a good idea to have some kind of financial buffer that will help you stay profitable. The problem is that not everyone can afford it . If you’re struggling to save money for things like an emergency fund, start with the little things.
As the personal finance site Enemy of Debt explains, change banks are one of the easiest ways to save money without hurting your budget. You may not be able to throw a couple hundred dollars into a savings fund – even throwing $ 5 off your paycheck may seem painful to some – but hoarding coins can be much easier. Every time you pay in cash, drop your remaining change into the bank. Over time, you will create a buffer. It may not pay off in six months, but it does help when you need it.
Enemy of Debt also offers some helpful tips for your trivia. First, get something opaque so that you don’t see a bunch of coins and don’t be tempted to spend them. Choose something large enough to give you room to grow. The idea here is not necessarily to solve your financial problems once and for all, but to learn the habit of saving when you have nothing to save. Read the post below to learn more on how to get the most out of your replacement jar.
Problems opening an emergency fund? Try a replacement jar! | Enemy of Debt via Rockstar Finance