Want to take control of your money for good?
You already know this advice: Get out of debt. And we’re totally on board with this plan. But first, you need a starter emergency fund. Just $1,000 in the bank provides you with all kinds of financial protection.
When you’re holding $1,000 before getting out of debt, you can avoid taking on new debt. So when life tries to mess with you—your tire goes flat, your kid gets sick, the pipe under your sink bursts—you’re ready. You can easily pay what you owe and move on to more important things like knocking out that debt.
Of course, maybe you’re wondering, How on earth am I going to make $1,000? Don’t worry. We’ve got plenty of ideas. If you’re willing to get a bit radical, you’ll not only make $1,000, but you’ll make it fast!