With what we have gone through recently due to the weather, most of you know how important it is to have a readily available emergency stash, at least I hope so. We lost power for over a week, so having cash on hand allowed us to go shopping for food that could be prepared on the grill or eaten right away, as well as getting gas and other essentials. Sadly, over half of Americans polled by the Federal Reserve in a recent query said they don’t even have $500 in an emergency fund.
We are becoming a nation of spenders who no longer save. Money has become a card you stick in a machine to get a product, and maybe, not get a receipt so you can actually see how much you are spending. If we are not keeping track of the small stuff, how are we ever going to handle an emergency?
I have written a few times in the past about having an emergency fund. I cannot tell you how much is the correct amount to have available in cash for your emergency, but I can tell you to have the cash!
As you look back on the impact the hurricane Irma has had on your lifestyle, please put together your emergency stash. After that, your emergency will be no big deal from a financial standpoint.

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