Have you ever experienced an unexpected expense such as a car repair, an unplanned visit to the doctor or dentist or replacing a broken appliance? I know that I have. According to a 2017 Federal Reserve report, when faced with a hypothetical emergency expense of only $400, 4 in 10 adults stated they were unable […]
Save For the Unexpected
We can’t always predict what will happen in life, but we can be prepared by saving for the unexpected. According to the most recent Federal Reserve Survey of Consumer Finances (2019), Americans on average have less than $5,000 in their savings/emergency account. Many financial institutions or professionals suggest that we should have a minimum savings […]