Does this sound familiar?
The economy is booming right? Well, yes and no I think. Yes the metrics are all good. Yes its as good as it gets... at the moment. But the structure and distribution is out of balance. We know that most households don't have enough savings to cover an unexpected $500 expense. This article I read today underscores how tight most households run.
So what to do? Now is the time to adjust expenses and start getting ahead of this. As tough as it might be, this might be as good as it gets for awhile. So now is the time to stock away some savings in case things get dislocated. I know thats really tough. But its also really important. I'll be sharing more on this theme over coming weeks, but this article prompted me to start the thought today.
What about you? What do you think? Does this article resonate with you?
Hola
Hi Fred Goff honestly YES this does resonate with our family. We have some emergency funds set aside of course, but it's scary to think if the car suddenly died or something drastically went wrong with the boiler, etc. in our home we would have to struggle for a bit to pull our resources together. I feel that being prepared is a good plan, but you can only prep so much because life happens.