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Build your emergency fund with these easy tips

We can’t control when emergencies happen (here’s looking at you, 2020), but we can plan for them. Financially protect yourself and your family from the unexpected by creating a dedicated emergency fund. According to financial expert Rachel Cruze, try to set aside at least $1,000 — and continue to grow the fund until you have enough to cover three to six months of expenses. That way, you’ll have peace of mind when unplanned bills pop up, such as medical services or car repairs.

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Want to earn a little extra dough for your emergency fund?
Try these ideas:
Sell stuff online
You can sell almost anything on the internet, and it’s a great alternative if a yard sale just won’t work for you. Just remember, people are looking for a deal — set your prices accordingly.

House sit
Offer your services as a house sitter to people heading on vacation. Usually all you need to do is check the mail and water the house plants. Boom! Easy money.

Pet sit
If you like animals, offer your services as a cat or dog sitter. People pay big bucks to board their pets while on vacation. Cash in on some of that!

Get crafty
If you like to craft, try selling your creations at craft fairs or on the web. The best crafts are those that are in high demand but are hard to find. Ask around to find out what’s popular in your area.

Sell old books
Many online book retailers make it fairly easy to list and sell old books. Bonus tip: Old college textbooks can bring in some big bucks!

Resources for you

 

With SmartDollar, you can save for emergencies, create and manage a budget, plan for the future, and reach your money goals. Plus, it’s free for Costco employees.

 

With SmartDollar, you can save for emergencies, create and manage a budget, plan for the future, and reach your money goals. Plus, it’s free for Costco employees.

 

With SmartDollar, you can save for emergencies, create and manage a budget, plan for the future, and reach your money goals. Plus, it’s free for Costco employees.

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