| 28 ways to save for
an emergency fund |
| By Bankrate.com |
|
Perhaps you've intended to start
an emergency fund. The barrier has simply been a lack
of funds leftover at the end of the month to put aside.
To break the paycheck-to-paycheck cycle that's leaving your checking account balance low, examine your everyday expenses and look for ways you could slash unnecessary spending. Start by writing down all your expenses for a month. At the end of the month you'll likely see several money drains you could plug.
Once you've identified the cause of
your dwindling account balance, consider these tips
for slashing your spending and freeing up cash for
your emergency fund. Bank any money you save in a
high-yield
savings account.
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| 28 ways to save for an emergency fund |
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Cut down on phone extras.
1. Get back to
basics. Cancel all the extra services on your
landline that you don't need, such as call waiting,
caller ID, call forwarding and three-way calling.
Do the same with your cell phone, and cut frills such
as text messaging and picture mail. After all, the
point of the telephone is simply to make calls.
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