LIFE’S  EVENTS

What would happen if you lost your job tomorrow, do you know how you’ll pay the rent next month? What If your car’s transmission broke and required a $2,000 repair to be back on the road, could you pay the bill without going into debt? For more than half of Americans, the answer is no. And chances are, among us younger (and poorer) Americans, the percentage is higher. The answer to both of these potential problems is to have a good chunk of money set aside in savings…a

rainy day fund if you will, or as we financial nerds call it: an emergency fund. Emergency funds are like insurance: confusing and boring, but downright necessary. You shouldn’t drive without car insurance and, quite frankly, you shouldn’t try to live life without emergency savings. Emergency funds should be the most vital part of your financial plan, so you really owe it to yourself to make a plan to build yours today.

 MY STORY

I reported to work on October 13, 2014 and began going about my normal work duties. Early that afternoon my manager phoned me and ask that I meet him at the Human Resources Department. When I arrived, I thought at last my boss was going to tell me about an upgraded position that I had been hoping for. Instead, I received unexpected news that my position as an Sr. Administrative Assistant was ending in 2 months. This is a life event that I did not see coming because I felt my corporate America job was secured. This was actually my 4th layoff notice in my employment history. Did I have a rainy day fund? I had some money saved, but not enough.

RAINY DAY INCOME SOLUTIONS

Are you one of the 60% without a rainy day fund? If yes, then I want you to consider getting information on the Family Income Program that I am affiliated with that will add $1,000 to $5,000 monthly to your household income. The company I have partnered with has a well thought out supplemental income program that requires no investment of money, no product selling, no carrying inventory or taking orders. The program is risk free and has been helping families for the past 30 years.  Many are receiving their personal care products for FREE for a LIFETIME.  Just think of the out-of-pockets savings they are enjoying.  For example:  If you are 30 yrs old and you live to be 80 yrs and you spend approximately $100 a month on personal care/household products, then your annual savings would be $1,200 a year. When you multiply $1,200 by 50 yrs that equates to a savings of $60,000. That extra money can be put towards your rainy day or retirement fund.

If you are ready to protect your family from life’s events and begin building your emergency fund, please complete the contact form for information on the program.  By completing the contact form, I will send you a free monthly budget template that will be useful in tracking household expenses (see https://planbincomeproducers.com/budgeting-template/ page.  This is your first step to managing your income and expenses to start your rainy day fund.