FMOOD 0037: I Can't Save $1,000!
Sometimes the first $1,000 is the hardest part. If you're having difficulties saving that initial $1,000 for your starter emergency fund, you're in the right place. Today I'm going to be talking about some of the frustrations that we've felt when we want to get going with the debt payoff, but it's taking too long to get that starter emergency fund going. You may try to get away with saving $500, but be warned that almost any significant emergency will completely wipe out your emergency fund if it's only $500. It really is best to save at least $1,000 for your starter emergency fund these days. Of course, if limited income prevents you from saving this much, that's understandable. With that said, there are plenty of options out there that will help you get to $1,000, so don't give up on the idea too quickly. Be sure you've exhausted all possibilities and opportunities that are out there before deciding to save less than $1,000 in your emergency fund. So how can you get to $1,000? Here are the highlights of the tips that are discussed on this episode. First of all, relax. Clear your head, because it's time to get focused. Second, you'll want to realize that more work is necessary in order to earn additional income. Third, decide whether or not to take on a part-time job, start a business, or work from home for a legitimate entity to help with saving $1,000. Don't wait. Get creative and take action to do something towards succeeding with this goal of accumulating $1,000 in your emergency fund today. If you liked this show so far, please take a minute to subscribe to the show, rate it, and leave a review. Your positive and kind words are always appreciated. Visit the http://followmeoutofdebt.com website to read my blog and get my latest status updates on my personal journey out of debt and into prosperity!