Tag: Ensure

For low-income employees who lack access to bank accounts, payday often comes in the form of cash or a paper check. But cash can easily be lost or stolen and checks often require a costly or time-consuming visit to a check casher. Payroll cards can be a good alternative.

A payroll card is a reloadable prepaid card offered by employers. Each payday an employee’s wages are deposited into the payroll card account via direct deposit. The employee can then use the card to make purchases in stores or online, or they can withdraw cash from ATMs or at retail locations.

Today, this option is increasingly popular for both underbanked and mainstream Americans. In 2013, employers loaded $30.6 billion onto more than 5 million payroll cards[1].

While payroll cards are fundamentally high-quality products, their design and delivery is not uniform across the industry. For example, some cards carry high fees. And certain employers have been accused of requiring employees to receive their wages on a payroll card, rather than offering them multiple options to receive their pay—a practice that runs afoul of federal and state laws. In the wake of recent lawsuits, state legislators from Hawaii to New York have introduced legislation that would further regulate and, in some cases, eliminate providers’ ability to offer the cards period.

But maybe there is a better way to respond, a way that doesn’t risk limiting employees’ access to the high-quality cards the industry has to offer. Instead, we should encourage the industry to work together to ensure that high-quality programs and services are available to all employees.

To help with this, CFSI has published the Compass Guide to Payroll Cards. The Guide outlines what a quality payroll card should look like by providing recommendations across a range of practices including: Choice, Safety, Affordability, Transparency, and Convenience.

The Guide’s recommendations are based on CFSI’s Compass Principles—Embrace Inclusion, Build Trust, Promote Success, and Create Opportunity—standards of excellence for the design and delivery of financial services. At the heart of the Compass Principles is a belief that the financial services industry can actively contribute to improving the financial health of Americans.

Some in the industry have already begun. For example, MasterCard and Visa have announced commitments to implement recommended practices from the Guide. MasterCard has committed to incorporating CFSI’s recommendations into the company’s existing Payroll Card Standards to promote Choice, Transparency and Education. Visa has committed to developing an educational course for employers, incorporating recommendations from the Guide to ensure they offer payroll card programs in a high-quality way.

The Compass Guide to Payroll Cards sets a high bar. But we believe payroll cards can be a force for good in the lives of America’s workers.

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The new year brings with it lots of well-intended resolutions, many of them financial. But it can be easy to procrastinate on money matters when you’re unaware of the consequences of inaction or unsure whether you’re making the right decisions.

Even for a financial planner, the process of setting and achieving financial goals can be overwhelming. This past year, although I focused on specific aspects of my finances, I didn’t take the time to identify important life goals for the year. I did not use my money to ensure that I was enriching my life.

So, like many others, I’m rededicating myself to the process as a New Year’s resolution. To organize and improve your finances in the year ahead, dedicate time each week to following these eight steps:

1. Set goals

Discuss your short- and long-term goals with your family, spouse or significant other. If you’re single, create a list for yourself. This is the most important step. Ask yourself what you want to have, to do, and to be over the next six or 12 months. Be as specific as you can and brainstorm as many items as possible. Next, prioritize these items by picking your top four or five. Assign a realistic cost to these goals to see if they are achievable within your budget.

2. Develop a new budget

Review last year’s spending and determine how it aligns with your values and your goals. Then, develop a new budget using last year’s as a benchmark. Shift your expenses where appropriate to reflect your core values while also incorporating the top four or five priorities from Step 1. Some of these goals will have a cost associated with them; others may not.

For example, my 2021 priorities include doing some maintenance on my home, attending a Coldplay concert, taking regular art lessons, vacationing for a week with my family and good friends in Utah, and creating more balance in my life by simplifying work processes. The estimated cost for the first four items was pretty straightforward, and I added those expenses to my household budget.

Not all of your goals have to be associated with money; creating more free time in your schedule is a good example. For busy professionals, time can be more valuable than money.

3. Open multiple savings accounts

Set aside specific, separate savings accounts for some of the goals that you have established. For example, you may want to have a separate savings account for a vacation, the kids’ education, a new car purchase or a special entertainment expense.

Why separate accounts? This helps ensure that you won’t raid savings for one expenditure to use for another, making it easier for you to spend money where it matters. Also, it can be easier to part with money associated with a personal goal or expenditure if there’s an account specifically designated for that money.

4. Create a summary sheet of your net worth

This should include the value of all assets you own, such as real estate, cash, investments, the cash value of life insurance, art, jewelry and cars. Then list the amounts you owe, such as for car loans, mortgages, credit card debts and student loans. The difference between what you own and what you owe is your net worth. Ideally, your net worth is growing each year as you increase your savings for retirement and reduce your debt.

5. Summarize your insurance

Create another summary sheet for your health, life, disability, liability and long-term care insurance policies. Know when these policies expire and the basics for each one:

  • How much will you spend out of pocket in a year with your health insurance before the insurer pays in full?
  • How much would you receive in life insurance proceeds if someone in your family were to pass away?
  • How much would you receive in after-tax dollars if you were to become disabled?

You may also want to evaluate the cost of life insurance through your employer compared with the cost of an individual policy. Group life insurance plans tend to be more costly once you reach age 45.

6. Review your investments

See if your total exposure to the stock market makes sense given your risk tolerance and personality and your proximity to retirement. In general, it’s wise to reduce your risk five to seven years prior to and after retirement to avoid sharp losses during this critical time period.

7. Do an estate plan checkup

This includes checking the titling of your accounts, your beneficiary designations and your estate planning documents to see whether they still apply or whether any changes are necessary. If it’s been five or more years since your last estate-planning documents were prepared, you’ll probably need to schedule a visit with your estate-planning attorney for some revisions. If you don’t have a will, get one drafted as soon as possible. Dying without a will can create some nasty consequences for those you leave behind.

8. Organize your financial documents

Create a file for all of your financial documents, including investment accounts, wills and other estate-planning files and personal records. This should include a list of all current credit cards, your driver’s license, a list of bills and monthly debits, the location of your safe deposit box and keys, marriage and birth certificates, passports, social media and electronic passwords and accounts, and a video recording of your home contents. Any personally identifiable information should be in a secure, encrypted electronic file or in a safe deposit box.

The bottom line

Each item on this list is important, but you don’t have to everything all at once. Schedule time each week to work on your financial to-do list so it’s not so overwhelming. A certified financial planner can help you organize and optimize your financial life and work with you as your accountability partner.

Whether you work with a planner or tackle these steps on your own, it’s important to set yearly goals and do the work to simplify and improve your financial picture.

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Retirement planning can be more complex for women for various reasons.  Women live longer, take time away from work to care for their parents or children, and are often paid less than their male counterparts. 

To compound matters further,  many married men are deciding to retire much earlier than originally anticipated.  A husband’s early retirement can have profound effects on a woman’s ability to fund her retirement throughout her lifetime.  With careful planning, however, these issues can be successfully navigated to provide peace of mind that the couple will have adequate funds.

Many baby boomers are burnt out from working 20+ years in their careers and feel a burning desire to quit and travel the world.  Many men and women are leaving their corporate jobs whether by choice or by design.  Retiring in your 50s, may mean that your spouse will need funds to last 40 or more years.   Unfortunately, women, due to their higher risk of longevity, bear the brunt of a husband’s desire to retire early.   The wife may continue to work after their husband retires to provide additional income, and thus feels increased stress due to suddenly being the sole breadwinner.  Ironically, she may feel as though she needs to retire later to offset the impact of her husband’s early retirement.  Financially, a wife, especially if she has been the lower earner or worked fewer overall years than her husband, will also have lower Social Security spousal and survivor payments, if her husband chooses to take benefits early.

How can women improve planning around her husband’s desire to retire early?

  • Discuss any early retirement decision as a couple and ensure that you are both ready for other emotional, financial, and psychological change.  Be supportive and see how you can make each other’s lives more enjoyable in the interim, to see if retirement can be delayed.  It may mean that you take more time off or even phase into retirement over time.  Most importantly, balance the short term benefits of leaving work with the long term tradeoffs.
  • Try to delay taking Social Security.  If you are both healthy, you should try to delay claiming until at least your full retirement age.  Work with a fee-only financial planner to determine the optimum strategy to maximize your lifetime income based on your age and life expectancy. You can go to livingtoo100.com to get an estimate of your life expectancy.
  • Create a life plan along with your financial plan.  Determine how your lifestyle will change after retirement and make sure to share household responsibilities.  Create an ideal day, week, month, year in retirement.  Write it on paper.  Create a Pinterest board or scrapbook of things you want to do or see in retirement.
  • Realize there are significant tradeoffs.  Early retirement may mean that you can’t gift to the kids as much as you wanted or fund lavish travel plans.  Discuss how that might affect your retirement satisfaction in the long run.
  • Maximize your pension payments through a “pension max” strategy.  If you want to choose a pension benefit that provides maximum yearly income and a small survivor benefit, you need to ensure that your spouse is able to support his or her lifestyle should something happen to you.  A “pension max” strategy using laddered insurance will be necessary to offset the impact of an early death of the person who receives the large pension.
  • Consider long term care insurance—this can ease the burden of taking care of a spouse and help protect assets so that the caregiver spouse can have sufficient funds for the balance of his or her life.

Retirement planning is far more complex than just your investment allocation and selection of funds.

The many moving parts of Social Security claiming strategies, pension strategies, budgeting, withdrawals, and planning for large expenditures all come into play.  Work with a fee only financial planner to ensure that you are making appropriate decisions.  A decision to take early benefits may reduce cash flow stress in the short term, but have longer term negative repercussions.

Sorting it all out with a map of your retirement landscape and how to navigate that map, can help you sleep better at night knowing that important decisions you make about retirement are sound.

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Fall is an incredible time to winterize your house and prepare for winter. Nevertheless, you could put off gardening jobs because of just about all the other work that needs to be done all around your home.

Believe it or not, it does not take much time to winterize your own garden. In addition, large gardening work can end up being divided right into a number of more palatable pieces. In this way, youll be able to get a great deal finished.

September is actually a great time to feed your lawn. Any time you fertilize or feed your own lawn in the fall, youll give it time to mend the damage which had been done from the warm summer. Needless to say, youll make certain that your own lawn is healthy just before the cool winter months arrives. This will mean that your own yard may end up being much more attractive as well as healthier when spring rolls around the coming year. For information on the most effective product for your unique situation, you are able to stop by your local gardening center or perhaps hardware store.

Re-seeding your own lawn may in addition help to keep your lawn looking good year after year. To do this, merely choose a high quality gr[censored] seed and make use of a seed spreader. For top results, you could also fertilize your lawn right after seeding. Right after you have seeded your own lawn to fill out the damaged spots, make sure to keep your lawn well watered. This may be sure that the gr[censored] seed will actually germinate.

Tidy up the garden patch. Whether or not you have a vegetable or flower garden, you are going to have to do some tidying up just before the winter months arrive. In the vegetable garden, you can pull-up plants that have completed bearing produce. Youll be able to also pull just about any weeds that have gotten an opportunity to germinate. Yard waste can end up being thrown right into the compost pile to be able to decompose within the winter and spring or even it could end up being placed at the curb to be reused by your city. The early on fall is also a fantastic time to prune shrubs as well as perennials. For additional info on pruning, youll be able to check online or even talk to an experienced gardener at your own local gardening center.

Mulch! Incorporating a whole new layer of mulch will help new or even fragile plants effectively survive the winter months. This is especially crucial if perhaps you live in an area which will get a great deal of snow and also cold weather. In some instances, plants might need additional care to survive the winter months locally. Sometimes, you may be in a position to wrap the plant in burlap or you may possibly have to dig up certain plants and also move them inside for the winter months.

Plant spring bulbs. Many spring bulbs must be planted within the fall. This includes flowers such as daffodils, crocus plants, and tulips. Planting today may ensure that your own yard is colorful in the springtime!

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Conveycing quotes in UK can be easily found out but the condition is that you should know where to look and what is the right choice. If you are thinking to buy yourself some kind of property or most important if you are planning to a get a new house for yourself then you should make sure that the property conveyancing is performed in right way. The most important thing that you should keep in mind is that the conveyancingQuotes should be absolutely genuine.

The fees that will be incurred in conveyancingdepend on various types of factors and most importantly it depends upon the amount of work to be performed. If it is your first consultation with your property buying solicitor, then it is absolutely necessary that you should ask for complete breakdown of the fees. It is advised to take at least three quotes from various companies. The expenses that you will have to pay are divided into two parts: the conveycing fees and legal costs.

The legal cost is associated with the conveyances and it basically depends upon the amount of time that these conveyances would take in order to go through all your legal do[censored] ents and attending the whole conveyancing process. However the charges vary from conveners to conveners, some charge according to the hours spent and some ask for fixed charges.

So it is very important that you compare the conveyencing fees spent in this process before making any payments. There are many companies that help you to compare conveyancing quotes with just a push of the button. And the Conveyancing Quote UK offers this opportunity as well. The solicitors that you will find on these companies will be absolutely genuine and they would have positive feedbacks front the actual customers. In fact the solicitors here are supposed to sign legal agreements to ensure that the quotes that they charge are all inclusive without any kind of hidden charges. In short this means that the price that you quote will be the price that you will have to pay. An efficient and genuine service is the one, that follows the below mentioned features

• The Solicitors should be of extremely high quality

• There should be no hidden charges

• They should not ask for any move or any kind of
legal fee

• The solicitors should have genuine customer feedback
Above all the charges, there is an indemnity fees as well.

The conveyancer sometimes states that in case of any kind of unforeseen problems, these problems will be dealt only by paying an extra charge. However most of the conveyners ask for charges of land registry in advance. The conveyancing that one has to deal in case of residential property is not as complex as the commercial conveyancing and it is for most of the times calculated on a fixed amount. There are some other factors too on which the conveyancingfees depend, for example the fees depends on whether the property is freehold or leasehold. Leasehold properties generally cost more.

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As we start a new year, we start to think about our goals over the next 12 months. Will we take a vacation and, if so, where? What sort of activities or hobbies will we engage in or fund for our kids? If we have a big birthday or anniversary, how will we celebrate that event and how much will it cost? These shorter-term goals tend to initiate thoughts and discussions about long-term goals.

If we spend today, how will that affect our ability to fund college or retire? As we reflect on these issues, we may feel inadequate and unable to prioritize and quantify them. More often, those longer-term goals are pushed aside given the immediacy of the day-to-day obligations. The result is that we feel a mounting and nagging pressure that we are ignoring these longer-term goals at our own peril.

That is where financial planning can be a powerful tool. It allows us to balance the short-term needs and wants with important long-term objectives. It gives us perspective and enhances accountability. More importantly, the process provides peace of mind. People with a financial plan that addresses the various aspects of their lives tend to sleep better at night.

For example, say Dr. and Mrs. Jones spend heavily on their children’s activities and vacations each year. They also pay for their kids to attend a private school. However, they have very little set aside for college education, a small emergency cash position that may only cover 2 months expenses, and almost no investments outside of their 401Ks.

They are funding a great lifestyle through current income, but since they are in their 50s, they are concerned that they have not saved enough for retirement. They worry about how to fund medical expenses in retirement and if they will be able to maintain their lifestyle throughout both of their lives.

The financial planning process helps people like this by establishing a spending plan to balance their short-term wants with their ability to retire comfortably. It may mean they need to make tradeoffs by reducing current outlays in private school or family trips in order for them to save additional funds for college and retirement. Or it may mean that they need to work longer than anticipated. Furthermore, the process may address their need to help protect their earning power over the next 15 or so years by ensuring that they have the proper disability and life insurance.

An initial plan sets the course of their financial lifecycle and yearly progress reports, not unlike annual physicals, ensure that they remain financially fit.

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Although many people want to retire comfortably, saving the funds needed to do so can be a challenge. Fortunately, there are some simple strategies that people can use to increase the odds that they will be able to save the money they need in order to retire.

Saving Is Important 

Building a cushion of savings is important so that people have a safety net, and they also need these funds if they want to invest. By using some straightforward tips to save, they will hopefully have some added motivation to put more way.

Spend More Effectively

One way to increase the fraction of your income that goes into savings is to spend more effectively. People can make improvements by reviewing their expenses and identifying alternatives that are cheaper and are not substantially different. Once these items have been identified, people can use the extra funds generated to pay for things that are more important to them.

If an individual has more than one brokerage account, he can consolidate these accounts so that the higher level of assets provides them with services that are either cheaper or better.

Don’t Wait for the Perfect Plan 

Many individuals fail to take action because they are holding out for the perfect plan. The drawback to this is that the longer they wait to improve their habits for spending and saving, the more money they will end up throwing away.

This principle also applies to investment plans, in that people fail to invest simply because they do not feel they have the perfect plan established. A lot of individuals do not invest because they are worried about making mistakes, but a plan is needed for retirement to be realized.

Continuous Refinement Is Key

Even if an individual has worked out a plan that he considers to be ideal for his situation, assets, goals and tolerance for risk, this plan can become outdated. Technological advancements provide individuals with more options over time, and new investment vehicles are always being created.

When possible, people who are saving for retirement should review their plans in order to see where improvement can be made. There are many investment mistakes that can be made, and people need discipline to ensure that their investment plans do not fall off track.

Savings are important, especially in the face of dwindling pensions and widespread concerns about the prospects for retiring. The doubts that many individuals have about their ability to retire were reflected in a recent Wells Fargo poll, in which 75 percent of respondents predicted that they would still be working during years that people usually use for retirement and an additional 25 percent said that they planned to retire no earlier than 80.

Could you retire in your 30s?

This article by Andrea Coombes for MarketWatch covers the story of a young couple who decided to retire early.  No, they did not retire at 60, or 50, or even 40.  They decided to quit work in their 30s.  Their goal was to amass roughly 25 times their annual spending.  They reasoned that if they could live simply and frugally, on roughly $25,000 a year, they could aggressively save enough to retire from their demanding jobs in the technology industry.  This would allow them to both be active in raising their 8-year-old son.

Retirement is a math problem.  How you live before and after retirement is part of the equation.  If you can live on a very small budget, you can possibly retire early.  One rule of thumb is to accumulate savings of roughly 25 times your living expenses. In their case, they paid off their home and reached the $600,000 target, so they decided to take the plunge.  They now live primarily off their investment income and temporary jobs they take, as needed or as desired, for extra income.

This story underscores that in order for people to decide when they can retire, they need to know two things– how much they realistically need in terms of living expenses and how committed they are to saving aggressively to reach their goal.

It ultimately depends on your cash flow, which is the lifeblood of the financial plan.  You need to enhance your awareness of what is coming in and what is going out.  How much money do you really need to live on in a year’s time?  How much of your salary are you saving? (My guess is that this couple was saving well over 25% of their gross salary annually.)  How motivated are you to reach your retirement goal?  Since this couple had visualized and articulated their plan to retire early they had a burning and shared desire to accomplish their goal.

Unfortunately, procrastination and a tendency to focus on current wants and needs as opposed to future plans can derail the best intentions.

Many workers think that as long as they save the maximum amount in their workplace retirement plan, it will be enough to provide sufficient income in retirement.  But it really depends on their annual spending.  For example, a professional couple spending $400,000 a year will have a hard time obtaining adequate income from a $2 million retirement plan once they retire.    Remember, too, that a $2 million IRA or 401K is not totally available for income.  You need to take the after tax amount into consideration.  Two million dollars at a 32% tax rate (federal and state) would only be equivalent to $1.4 million.

Furthermore, in order to ensure that your funds will last you 30 years, you should probably only withdraw roughly 4% of the total, which would be $80,000 before taxes and roughly $55,000 after taxes.  That is a large drop in income for someone who is used to spending several hundred thousand dollars a year.

Many of us will also need to save after tax dollars, as well as contribute to our retirement plans, in order to provide adequate income as well as flexibility regarding taxation of withdrawals in retirement.  Since this couple retired so early with significant funds, it is likely the bulk of their savings was in after tax accounts.  This helps minimize the tax impact of any withdrawals from their savings.

In the end, it all comes down to a trade-off between your lifestyle now and your lifestyle in retirement.  If we delay gratification now, we can meet our future goals.  If we want to live a simple lifestyle, it will likely be easier to retire early.  If we have large spending needs in retirement, we will need to save more or retire later in life.

It will be interesting to see how this couple continues to navigate their frugal journey, especially as expenses rise over time.  Their child will likely want to engage in sporting activities, hobbies, video games, and attend college.  The future may also bring unexpected medical and long term care expenses.

Plus, there are definitely downsides to such an early retirement.  I am not sure a life of leisure would be suitable for most young people, as achievement, socialization, and other benefits from working can be beneficial to one’s physical health and emotional well-being. Furthermore, if a worker remains out of the work force for even just a few years, his skills may become irrelevant, such that he becomes unemployable.

I admire the couple’s ability to save and reach their goal and wish them much success in their endeavor.  I hope that in the long term their “hiatus” works for them.  My guess is that this couple will eventually decide to go back to work.  Saving for 10 to 15 years so that you can live possibly the next 70 years seems like a tough math problem to solve.  But adhering to these principles can help us all manage our own retirement math a bit better.

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Having some savings to lean on in times of duress is an integral part of creating your own safety net. While preparing for an emergency isn’t as fun or glamorous as preparing for a vacation or new home, it is a vital aspect of financial responsibility which ensures that unforeseen circumstances don’t derail the work you’ve done to build the life you’re currently living. Emergencies happen in an instant, and lack of preparation can cause disastrous financial effects that can last for years, slowly degrading the overall strength of your savings.

A financial expert recommends these top 10 tips you need to consider when saving for an emergency. In addition, you will get clued into the one thing to never do when planning for an emergency. These tips will help guide you toward preparing for possible crisis, and their implementation will safeguard a post-crisis future.

1. Give yourself a preparation assessment

In order to define what steps you need to take to prepare for financial emergency, you first have to take a no-holds-barred inventory of your present state. Doing so will help you draft a personalized preparation outline. There are a variety of questions you can ask yourself, including:

How long could I get by if I lost my job tomorrow?

What would my financial life look like if I needed significant surgery and recovery time?

What are my total assets?

An honest self-examination isn’t always easy but it is crucial to see where you’re really at in your level of preparedness.

2. Draft an emergency plan

Thankfully, financially preparing for an emergency isn’t a new concept. There are many resources you can use to help you build a framework that works for you. A good starting point is this emergency plan outline.

3. Save

Insurance shouldn’t be your only option. In the event of a natural disaster or large-scale emergency, insurance agencies are overwhelmed with claims and it can take months to even get started on your own claim, at which point you may have drained your resources significantly. Start an emergency fund at your bank. Begin with whatever amount is possible for you. Make a deposit plan and stick to it.

4. Buy a comprehensive home-owner’s insurance package

It seems obvious, but home-owner’s insurance is often considered a grudge purchase. The reality is that there are many options for homeowner’s insurance that account for emergencies of all kinds – natural disasters, floods, fires, earthquakes, tornadoes. Know your area’s natural dangers (tornadoes in the Midwest, earthquakes on the West coast, etc.), and design your insurance accordingly.

5. Know your options

In the event of a medical emergency, bills can pile up fast, leaving your financial life in ruins. It is possible in certain circumstances, however, to withdraw money from your IRA without penalty. There’s a lot of paperwork involved, but hardship and disability are eligible. Do some research into what your options may be.

6. Remember, cash is king

When disasters or emergencies occur, it’s tempting to begin charging things to credit cards or taking out outrageous loans to cover the costs. Resist this temptation. Excessive borrowing in times of crisis can exacerbate your state of emergency. Now that you have emergency savings, use it. Pay for what you can while you can, and you’ll be surprised how far it will go. Don’t go for the quick fix that will only make things worse.

7. Invest in preventative measures

As the old saying goes, “an ounce of prevention is worth a pound of cure”. If you know certain risks about where you live, your line of work, or your family’s health history, use that information to your advantage. If you live in an area prone to earthquakes, reinforcing your home could save you thousands of dollars should an earthquake occur.

8. Have a backup plan for your backup plan

Contingency plans are crucial in the event of emergencies, which cause events and circumstances to change quickly. Draft plans, backup plans, and backup-backup plans, and you’ll sleep easier at night knowing you aren’t banking on a single solution needing to work.

9. Commit to disciplined sacrifice

If you want to have a certain amount of money put away for emergencies and your current job or career isn’t making that possible, it may be time to take on a second job in the short-term so you can secure your long-term future. Working a little extra will grow your savings quickly, and later down the road, should an emergency occur, you won’t be scrambling.

10. Fire-proof your important documents

In the event that a fire engulfs your home, will you know where your important documents are? A fire-proof safe will ensure that in any event your documents will emerge unscathed. A large fire will be disaster enough without having to reproduce all your important paperwork, so fire-proof your documents as soon as possible.

The one thing to never do when preparing for an emergency

The one thing to never do when financially preparing for emergency — stashing cash! Avoid keeping a “stash” of cash in your closet, mattress or glass jar at home. Although you are taking a step forward in saving for an emergency, that money is not gaining any interest, plus it is at the mercy of floods, fires even robbery. If you do want to hold on to some extra cash just in case, keep it locked in a fire-proof safe.

Recent research shows that one-third of Americans are one paycheck away from homelessness. If an emergency were to occur, the results in these circumstances would be truly disastrous. Ensure your future today by planning ahead for the unthinkable. You’ll thank yourself later.

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