Emergency Funds: You Need One!

A recent RBC survey (released October 2011) indicates that 58% of Ontario residents do not have any emergency savings.

Yikes!

If you are in the 42% of the minority who do have emergency money set aside – good on you. You realize how much easier it is to face life with a cushion against unexpected emergencies.

If you are in the 58% of Ontario residents who do not have an emergency fund – but would like to get going on setting up one, here is a link to a great article we posted several months ago: Initial Emergency Fund.

This article tells you how to quickly get an emergency fund in place – and helps you to work towards getting into better financial shape.

Getting your financial house in order can be a challenge, but if you take control now (before you are hit by disaster) you will be in a better position to weather the financial storms of life.