STEP 3: 3-6 MONTHS OF EXPENSES IN SAVINGS.


After saving $1,000.00 as a beginning emergency fund, then paying off all debts except your house, move on to the third step: 3-6 months of expenses in your savings account. Why? because something is going to break, or tear up and need repair or replacement. It may have been a long process of paying off all debt and in my experience, things were not replaced as they normally would have been and of course, murphy will show up at the most inopportune time. It will still take discipline at this point to overcome the debt payoff schedule and recover some savings. There is NO debt left at this point except the house mortgage payment and we will begin the next step hopefully soon that will require savings for other uses.




As you can tell there is still work to do. You still have to be disciplined with your money. You can do this but it will take some determination. Financial Pacemaker Coaching can help you climb out of debt and take yourself and your family off the ledge and out of risk with a plan in place for retirement. There is nothing wrong with asking for help when you cannot see the way out.


Call today, make an appointment and come by for help.


FINANCIAL PACEMAKER COACHING-"WE'LL PACE YOU ALONG".




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