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Tag Archives: car repair

Everyone Needs an Emergency Fund

You’re driving home from work one day, when all of a sudden, your check engine light comes on about the same time you start to notice black smoke coming from under the hood of your car. Which would describe your next course of action? A) Pop the hood and immediatly diagnose the problem. Run to the auto parts store (in this scenerio, you are an Ironman Triathlon alumni, and running five miles is no sweat) to pick up a new thingamabob needed to fix the problem. Run back to the car, and fix it with enough time to get home by dinner. B) Call your spouse or friend to come pick you up. You are concerned, but not too worried because you have some money saved up for emergencies such as this. C) Call your spouse or friend to come pick you up and try to remember if all your credit cards are maxed out because you know you have $3.75 left until your next paycheck, which you might not get if you don’t have transportation to work. Life is full of uncertainties. If you chose answer C to this question, it might be time to start thinking about starting an emergency ...

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