Skip to main content

Tips To Get You Saving For a Rainy Day Fund

In life, accidents and emergencies happen. From a tyre that blows to a household fire. Sometimes, no matter how hard we try, these kinds of thing can happen to us or those around us. Which is why, as well as insurance, we can help ourselves by putting money aside for a ‘rainy day fund.’ The kind of money that we never expect to have to spend. But if we do, then we’re very glad that we have it!

So if you don’t have much by way of a rainy day fund at the moment, then these tips are for you. Sometimes looking for a cash advance online is the only thing that you can do in an emergency. But if you are able to cover things yourself, then there will be no worries about unexpected emergencies in life. Even saving a little something is better than nothing.

coins-1523383_1280.jpg

Decide Where You Will Save

If you are looking to start a rainy day fund, then being able to use a vehicle to save, that will help you to naturally get some interest, then you’re earning extra cash for doing very little. You could look at opening a savings account that has a good interest rate. Sometimes this is a good option if you’re not the most disciplined with money; out of sight, out of mind! You could look at setting up an ISA too, but they usually require a certain amount of money to be put in each month or year. So you’ll have to check on the requirements before you commit. But getting the right place for your savings will make a big difference.

Be Honest With Yourself

When it comes to saving, many of us will make excuses as to why we justify certain purchases or put off saving. So in order to start a rainy day fund, you do need to be honest with yourself. Do you need to go to the mall every weekend or buy that Starbucks coffee on the way to work? When you’re honest about your spend, it makes it easier to cut back and save.

calculator-calculation-insurance-finance-53621.jpeg

Save Extra Income

If you get bonuses or extra income from overtime, for example, then put that amount away straight away. If it is in your normal bank account, then it will get spent. Your monthly budget won’t be including extra income, so you won’t be relying on it to live. So bank it as soon as you get it.

Stash Spare Change

If every time you get some spare change, put it into a box. Don’t spend it, but keep adding to it. When this is done over a few months (or even a year), it will really add up. Change it at the bank and then put it into your savings account. If this is the only way that you can save at the moment, then make sure you do it. You’ll be thankful for it when an unexpected emergency comes around the corner, and you need some extra cash.

Comments

  1. All these points that you mentioned are applicable to anyone at any stage of life. I know this as I have applied it to my life and it has helped me majorly.

    ReplyDelete

  2. 192.168.l.254

    192.168.o.1

    192.168.l0.1
    This IP address is used by the routers like TP-Link, Netgear, D-Link uses it as the default IP address.

    ReplyDelete

  3. This is default IP address that is used by most of the router companies like the PTCL, TP-Link, D-Link, in order to access the admin page of the router

    192.168.10.1

    192-168-l0-1.club

    ReplyDelete
  4. This configuration can also be used for devices like Router, Modem etc. and they are all having the initial IP address

    192.168.254.254

    192.168.l78.1

    192.168.0.1

    ReplyDelete

Post a Comment

Popular posts from this blog

Copycat Boston Pizza's Bandera Bread

Have you ever had a craving for something but then once you looked at it you realized, I can make that myself for next to nothing? That's how I felt last night I thought about ordering in some food but then realized I really don't want to spend any money. I really wanted pizza bread from Boston Pizza. So I recreated it and oh my goodness was it ever good. Try some of these great recipes too!  Pizza Bread Dough 1 cup warm water 1 tsp instant yeast 1 tsp sugar 2 cups flour  Seasoning 1 tbsp melted butter 1 tsp garlic powder 1 tsp onion salt 1 tsp parsley 1 tsp rosemary 1 tsp basil 1 tsp oregano 1/2 tsp sugar 1. Combine the water, yeast, and 1 tsp of sugar in the mixing bowl and let stand for 5 minutes. Add the flour and salt and mix until a ball of dough forms. Roll ball onto a floured counter top and knead for a couple minutes.  2. Put dough in an oiled bowl and let rise for 30 mins in a warm place with a clean cloth draped over top. While your doug

DIY Table Revamp - Guest Post

Hi all! I'm Tiffany from This Motherhood is Brought to You by Xanax and I am so excited to be a part of the Guest Post Swap and to be Amanda's swap partner! I love love love her idea on how to make indoor snowballs with egg cartons. I am definitely going to have to try that with my kiddos since my smallest one has decided that it has to snow for Christmas. Poor baby doesn't know snow is hard to come by in Alabama :( For my guest post I wanted to share a little DIY with you guys that involves duct tape! A few months ago my daughter's little chair that goes with her table she sits at every day tore and she made it worse by pulling all of the stuffing out of the seat! What started out as a quick fix turned into a great idea. She loved her seat so much that she has now decided that her table has look cool too so being the smarty pants that she is, she tore her table!

Amazing Ways To DIY Your Nails In The New Year

Having beautiful fingernails can really boost a woman's confidence. Not only do they feel sexy and sassy but they look well maintained and professional. There are a number of different styles of manicures you can get done professionally but they can be costly and if you are trying to stick to a budget and save money it is best to give DIY a try. These beautiful nail designs are easy to do and look fantastic. There are some that are more intricate and some that are simple but all will be amazed that you made them yourself. Try using small gems and crystals at the tips to add a touch of sophistication.  Tips make a world of difference and they can be as easy as you wish. There are so many beautiful polishes that have amazing colours you can match. These simple nail designs can be done by any busy lady and make a lasting impression to anyone who comes across them. Hot Beauty Health has all the instructions for these super simple nail designs. There are a large number