Government shut-downs, layoffs, and market crash; oh my! Could you survive, financially, if you missed on paycheck? Two paychecks?
Could you meet your required financial obligations for one month? Two months?
Fewer than 60% of American households say they are putting away money for an emergency.
It is estimated that 10% of households fell behind in their bills last year.
Do a drill—a financial drill. Kids participate in fire and earthquake drills at school. Why not run through a money drill.
Assume that you will not receive a Paycheck next week. Do you have the liquid assets to cover your most basic needs in life, keeping a roof over your head, buying groceries, keeping the lights on, and not letting your Health Insurance coverage lapse?
Sell some stuff. Take on a side job (Drive for Uber or Lyft, perhaps? Just an idea to get you thinking)
40% of Americans only one missed paycheck away from poverty
Avoid assumptions (see James 4:13-15) and get serious about saving.
If you have a question or comment about today's topic, we invite you to share your thoughts.
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