Continue Making Contributions to Emergency Savings
We are living troubled times. So, use all the money you can save from cutting out unnecessary spending and put it into an emergency fund. You never know when you might need it, so, it’s best to be prepared.
“About 40% of Americans can’t handle an emergency costing more than $400, according to a Federal Reserve study, so now is the time to cut down expenses and put that extra money in savings,” said Lindsay Sacknoff, head of consumer deposit and payment products at TD Bank. “Saving is about tradeoffs. Find the things that bring you less value or are added luxuries. Trade those in for savings and more security to plan for what the future may hold.”
