Emergency situations can be emotionally and financially stressful. And while being prepared with an emergency fund can help alleviate some of the financial anxiety, many people find themselves getting stressed all over again when it comes to replenishing those funds.
Here are some things to keep in mind as you rebuild your emergency savings account:
- Look for places in your budget where you can cut unnecessary expenses
- Seek out coupons or sales on everyday necessities to save money
- Using direct deposit or automatic transfers from a checking to a savings account can help you save more without feeling like you’re spending more
Watch our FOX Focus segment for more details and to hear what expert Marcus Grant has to say about using a Home Equity Line of Credit, commonly known as a HELOC, or a credit card when it comes to rebuilding your funds.
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