5 Key Steps to Financial Wellness: Step 2

Now that we know how much we spend and where we spend it, we can move onto step two.


By there very nature, you don’t know when an emergency will happen.  You can plan for it however.  It is important for people to have an emergency fund so they don’t have to pay for things on credit thus snowballing an emergency into a full blown financial crisis.

What if your roof is taken out by a tree in a hurricane?  What if your child needs emergency oral surgery?  What if you are unable to work for a period of time?

These issues can create cascading financial issues for most Americans.  By saving and having a budget coupled with an emergency fund, you can sleep well knowing one problem won’t create tons of other issues.

Stay tuned for step 3!