Things broke.How to make sure your emergency fund can cover them

Your washing machine. your car. Your front teeth.

If any of them are broken now, can you fix it immediately? Or do you have to walk around with a smile for months to raise money?

If you cannot afford to repair it today, then you are not alone. According to a survey by Bankrate in 2020, only 41% of Americans can use their savings to deal with financial emergencies. Worse? Surveys show that these types of emergencies occur to 28% of people—the average accident cost is about $3,500.

This is why having an emergency fund is so important. Don’t know how to go? Having a budget (what you actually stick to) can help you achieve your goals. This is a budgeting strategy we recommend, as well as four other tips that can help you control your expenses.

1. 50/30/20 budget rules

The 50/30/20 rule is one of the simplest budgeting methods, which is why if you are a regular reader of TPH, you may have heard us talk about it before.There are no fancy spreadsheets or expensive apps to download (unless you want), and it’s Very straightforward.

It is generated like this: 50% of the monthly income you take home is used for your necessities-your rent, your groceries, your minimum debt payment, and other necessities. 30% of the cash is used for interesting things and 20% is used for your financial goals. This may be the payment of debt exceeding the minimum limit or an increase in your investment. It definitely includes building your emergency fund!

If you check your budget and realize that you don’t have enough remaining funds to donate to your emergency fund, here are some ways to help you balance your budget:

2. Cut nearly $500 from a bill you must have

You may have overpaid the bills that you must pay each month. But you can reduce these costs without sacrificing anything. It may even be enough to cover the window that your child just smashed with a ball. Absolutely enough to increase the meaningful amount of your emergency fund.

So, when was the last time you checked car insurance prices?

You should buy your selection every six months or so-it can save you some big money. However, let us be realistic. This may not be the first thing you think of when you wake up. But it doesn’t have to be so.

A website called Insurance Net Make it very easy to compare car insurance prices. All you have to do is enter your zip code and your age, and it will display your options.

Using Insure.com, people can save an average of $489 a year.

Correct.In just a few minutes, you can earn $500 back in your pocket See your options.

3. Easily earn up to $225 in extra cash

If we tell you that you can earn free income just by watching videos on your computer, you might laugh. Unbelievably good, right? But we are serious. With some unconscious entertainment, you can really add hundreds of dollars to your emergency savings.

A website called Inbox dollars Will pay you to watch the short film online. One minute you may see someone baking a chocolate cake, the next minute you may receive the latest news about Kardashian drama.

All you have to do is choose the videos you want to watch and answer some quick questions about them. The brand pays InboxDollars to present these videos to the audience, and then it will give you an entry point.

InboxDollars won’t make you rich, but you can earn up to $225 per month for watching these videos. It has paid users more than 56 million U.S. dollars in fees.

Registration takes about a minute and you will get 5 USD bonus Let you start.

4. Request this website to pay your credit card bill this month

Just pay the minimum amount on your credit card and your debt period will be extended exponentially-not to mention the hundreds (or thousands) of dollars that you waste on interest payments. Instead, you can use the money to increase your emergency savings.

The fact is that your credit card company is happy to let you pay the minimum monthly fee. It gets rich by blackmailing you with high interest rates (some as high as 30%).But there is a website called slim Shady Want to help.

If you owe your credit card company $50,000 or less, AmOne will match you with a low-interest loan, which you can use to repay every balance you have.

benefit? You will need to pay a bill every month.And because the personal loan interest rate is low (AmOne interest rate starts at 2.49% APR), you will get out of debt That Much faster. Also: No credit card payment this month.

AmOne will ensure the confidentiality and security of your information, which may be why it still receives an A+ rating from the Better Business Bureau after 20 years of operation.

Takes two minutes See if you are eligible for up to $50,000 onlineYou do need to give AmOne a real phone number to qualify, but don’t worry-they will not send you spam over the phone.

5. Find a part-time job and make more money

Let’s face it-if your monthly income is lower than your monthly expenses (and you have nothing to cut), you need more money.

Well, we can all use more money. By earning a little bit more each month, we can ensure that we won’t be surprised when emergency room visits try to drain our savings.

Fortunately, with the rise of the “gig economy”, making money has never been easier.here has 31 simple ways to make money online. Which one can you do to fill your emergency savings?




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