Financially Fabulous Divas

is an extension of my book, Sick and Tired of Being Broke: The first steps on the road to financial independence for Everyday People. The book recounts the first steps on my journey to becoming debt-free and financially independent. I wrote the book for others like myself who grew up without the benefits of basic financial information. My hope is that together we will uncover the information that we need to set ourselves free - free from the bondage of debt.

Thursday, August 19, 2010

Starting an Emergency Fund

     Building a major emergency fund is extremely important in case of a job loss, illness, or any situation that interrupts your income or drastically increases your expenses. A loss of income will not put a stop to your mortgage payment, car note, or other financial responsibilities.

     The first step is to “open” a savings account, get a coin jar, a box in the corner, or a cookie jar. I don’t care how you get started! Just get started! As I stated before I started with .25 cents. So, no more excuses, no delays, no waiting until tomorrow, you have no more time to think about it.

     Yesterday is Gone, Tomorrow is Too Far Away, but Today is Available.

Lucille Tyler Baldwin