Tuesday, February 28 | Saving for the Unexpected
It happens to all of us: you’re saving for something that you’re really excited about and before you know it an unexpected event occurs, causing you to dip into your designated savings.
Every day, Americans are forced to use money they were saving for something they truly value or credit to pay for an unexpected expense.
On Day 2 of America Saves Week, we want you to embrace establishing an emergency fund, along with shifting the narrative around emergency savings.
Dream with us just a bit.💭 What is the most important thing that you could be saving for right now? It may be for a new home, a car, to take a special someone out on a date, or even to be able to pay off your medical bills. No matter what your answer is, it’s completely valid.
Check out this blog post from the America Saves Team, who breaks down saving for competing priorities while establishing your savings goal(s).
Today, we encourage you to:
Begin to understand your Money Story and Money Values
Identify your savings goals
Use automatic savings to begin or grow your emergency savings accounts
Feeling alone when it comes time to emergency savings? You’re not, and it happens to the best of us! Check out these video and resources to learn about 6 Steps to establishing a spending and savings plan.
If you haven’t already, we encourage you to take the America Saves Pledge. After making your new savings plan, you’ll receive support, reminders, and tips from America Saves that will help keep you on track towards achieving your goal.
Looking for Veteran and Military specific resources? Check out these resources:
We know this financial readiness thing can feel overwhelming, but don't you dare give up before you begin! Though we all start out at different places, one thing is the same: we all have to take the first step.
Are you ready to take the next step? Join Warrior Wives as we Take the pledge to save and start setting your first goal.
Whatever that first step is for you, know we're in the stands cheering you on! And if you still aren't ready to take that step yet, come back tomorrow and learn about Saving for Major Milestones.
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