Establishing an Emergency Fund for your Financial Peace Journey
Creating an emergency fund is an essential part of any personal financial plan, but often overlooked because it can be hard to establish. Personal finance success is 80% behavior and 20% knowledge. A good way to jump start this fund is to sell off items you don't need or use on e-bay or by having a garage sale. Another great way is to withdraw $20, $40, or whatever you can afford from each paycheck, and set it aside in a separate envelope. Before you know it, you will have saved a few hundred dollars for the unexpected emergency.