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Think Now, Save Later Comments

  • By DailyWorth Team
  • March 07, 2012

fist bump

Tip #3 in the It’s An Emergency! savings challenge is sneaky: 

Avoid having emergencies.

Step 1:
Sit down and have a scary brainstorming session with yourself or your partner. What things could possibly go wrong that you can predict? Think: car, health, septic system, layoffs.

Step 2:
Consider what you can do right now to minimize the disaster quotient if one of those worst-case scenarios comes to pass.

    • Take your car for a tune-up.

 

    • Do basic maintenance on your home and property.

 

    • Make yourself valuable to your company.

 

    • Maintain relationships that could help if you were job hunting.

 

  • Get that aching tooth x-rayed.

Step 3:
Spend a little to save a lot down the line and focus on your insurance.

    • What doesn’t your health plan cover?

 

    • Could you afford your deductible in a car accident or health crisis?

 

 

  • If a neighbor’s kid is hurt on your property, are you liable?

 

Lazybones. When was the last time you got an oil change or called your doctor?

Tagged in: Emergency fund, Saving
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