Hurricane season is right around the corner – is your emergency fund ready?

I believe that having some cash in your house, in small bills, is very important especially during hurricane season. During the hurricane season last year when we were hit, my local gas station was open but could not accept credit or debit cards. Cash allowed us to get gas and snacks. I cannot tell you what a comfortable amount of cash to have available is right for you. I can tell you the best places to have your emergency cash stashed.

A checking account, savings account, or money market account are the best places to keep emergency funds. Set a savings goal of about three to six months of living expenses.
Use windfalls like a tax refund to add more to your savings. Include savings in your monthly budget.
Make sure you look at your spending and automatic payments to be sure you are not wasting money on things you no longer use.

Hoard cash the way some people do toilet paper and water; you will feel much better this hurricane season.

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