likhaus
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If it is a real emergency do not use your credit cards and pay crazy finance rates. Borrow the money from your true friends or family without any interest. They will know you have a desperate situation and I am sure they will help, especially if you have some funds. The most precious commodity we have is family and friendship.
If you do not have any friends, lovers, or family start canvasing banks to rob now. |
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Savoir Faire½ Eggroll Jenkins ™
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Keep contributing some money to your emergency fund every pay day....that way, when an emergency pops up, you'll be ready and in the meantime, your savings will collect interest. Most ppl say save until you have at least 3 months worth of all your expenses....Suze Orman says save at least 8 months worth of expenses.....I think you should just save and keep saving so that there is no emergency that your emergency fund cant handle. |
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Yvonne B
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like us realize that it is too difficult to catch up because everything is going up in price faster than one can keep up with it.try going to places that United Way has for free stuff like food that is needed.We can't even watch tv |
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src50
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Enlarge your emergency fund. |
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champ
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panhandle..... |
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Jeff
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Start saving money.
Once you have $1,000 cash, withdraw ten $100 bills, and put them in a picture frame you bought from Wal-Mart. Engrave the frame "In Case of Emergency, Break Glass."
Once you're out of debt, then continue saving a huge emergency fund. Most experts say 6-8 months expenses. $20,000 will cover just about any emergency. |
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Etta P
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This is a good question. A lot of people are in the same boat, saving for a rainy day is your best bet. You have self discipline not to use your cards, not wise in this "credit crunch" and if you do have an emergency then using your rainy day money wont put you debt.
If you find you more money than your emergency fund can handle then besides a credit card you could maybe do a payday advance. But pay it back right away so you can stay of debt. Hope this helps |
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Ben J
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Keep a credit card for emergencies only. Watch your budget closely and try to build up a buffer. |
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Andrew D
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you can do an advance payday loan but you will have to pay a fee just an idea |
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rl
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You would be in trouble in an emergency. Why is it that you don't use credit cards? Credit cards are essentially loans if you think about it. You are essentially given credit on the purchase of an item prior to the billing period. However, you are expected to pay it back when it comes due, otherwise you will be charged ridiculous interest rates on your outstanding balance.
If you don't have credit cards or the necessary emergency funds set aside to handle the possible emergencies, you will need to do one or the other. The advice I'm giving you assumes you have absolutely no other ways to scrounge up money in an emergency. |
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jml619
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Break out the clear heels.... |
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tnb1984
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That's a tough one! I guess you would have to take out a loan if you ran into trouble? BUT ... because you're not using credit cards, you won't have any credit history, so it will be hard to get a loan. Do you own a home? If so, you could open a Home Equity Line of Credit ... you don't have to use the money, but it's available to you (you will have a check book), if you need it. Otherwise, you'll have to count on family & friends in an emergency! |
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mtchndjnmtch
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Put a little in a savings account each payday and write a check when you need to. |
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