Think you can get by living paycheck to paycheck? Think again. Emergencies by nature are serious situations that happen unexpectedly. Since you never know what financial costs are on the horizon, you must always be prepared.
Too many families and loved ones are negatively impacted when tragedy strikes and there is no money available to satisfy the immediate needs. Worse financial situations occur when lacking the funds to compensate for the situation at-hand. Thankfully, all this is preventable when you have built up for yourself a generous savings account.