Don’t Panic! 3 Stressful Fiscal Issues That Shouldn’t Blow Your Budget

While many major events can result in unexpected expenses and lost wages, these issues do not have to jeopardize your financial future.  Major life events can wreak havoc on your personal finances and that is why during ordinary times you should be building yourself a safety net. This net should ideally be six months to one year of living expenses. So if you typically average $3,000 per month in expenses (this includes rent/mortgage, food, gas, utilities, entertainment, everything) then you should have an emergency fund of at least $18,000! (6 x $3,000= $18,000) and preferably $36,000. If you don’t have at least the minimum you are at risk if one of the following events hits you.

Budget Busters: How to Handle Unexpected Costs

“When you have the money it isn’t an emergency but simply an inconvenience.” You should be setting aside money to cover these unexpected eventualities. But if you haven’t, you are in good company.

Making the Best of the Worst: 4 Tips for Financial Recovery after an Accident

Your first major car accident can be a very stressful time. You may feel in shock from the overwhelming physical and mental blows. Whether or not you were the one at fault, you will most likely find yourself with huge bills for repairing or replacing your vehicle and for any health care that you required. Arm yourself with this knowledge that can help you recover financially and land on your feet once again.