Money For Lunch – 4 Things That You Might Need Your Savings For

4 Things That You Might Need Your Savings For

August 1, 2017 11:16 AMComments Off on 4 Things That You Might Need Your Savings ForViews: 10

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Keeping savings on deck is something that you should always try to do.  You never know when you might need something that calls for a bit of cash.  Some people shy away from savings because it interrupts being able to purchase things that they want right now.  However, a little bit of restraint and self-discipline can go a long way.  It is important to try to put something aside every paycheck no matter how small.

When you make the effort of putting small bits away you can be sure that you will always be at least contributing something to your little pocket of savings.  Savings is important to have on hand for the following potential situations.

Personal Accidents or Injuries

Getting in an accident is never something that anyone sets out to do.  Not many people wake up in the morning with the intention of crashing their vehicle which will, in turn, cause them and others personal injury, not to mention the potential of thousands of dollars in damages.

By keeping some savings on hand you can be reassured that in the event of a car accident you have something in your pocket to turn to.  You never know when you will need to make a major repair or go to the doctor for injuries.

Unexpected Travel

Sometimes things come up in life which causes us to have to travel suddenly.  It can either be because of the death of a family member or perhaps you have a spontaneous urge to travel somewhere.

It is nice to know that if you do need to suddenly buy a plane ticket on a whim that you will have the resources. Keeping this money for this purpose will give you a peace of mind that you wouldn’t otherwise have.

 Home Repairs

It is all too common that just when you think things couldn’t possibly get any worse, they seem to all come crashing down at once.  If you just had a leak in your roof, it is entirely possible that suddenly a pipe will burst or a tree will fall down on your window.

Unfortunately, life is funny like that, and the old saying “when it rains it pours” never felt more accurate.  Having savings on hand for situations which impact your house is something that takes off a huge amount of stress.

Pet Injuries

If your pet is suddenly injured it can be a huge expense.  Since animals are often extremely expensive to treat at a veterinarian’s office, the bill can come as a huge surprise.  Usually, it is more expensive than you would expect.  Therefore, keeping a little side pile of money for situations like these can help ease the shock of the bill.




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