Accounts That Will Make Your Savings Grow
An emergency fund is an exceptional safety net. Without one, you will be vulnerable to any urgent, unplanned expense that crops up. You may not have enough in your checking account to afford the expense right away.
In that case, your options for covering this type of expense will be limited. You could charge the expense to your credit card as long as the balance is far below the limit. You could also go to a website like CreditFresh to see whether you qualify for an online loan. If you meet the qualifications, you could apply. With an approved online loan, you’d be able to use borrowed funds to cover the expense in a short amount of time.
While credit cards and online loans are effective solutions, they shouldn’t be your first safety net. You should collect a lot of emergency savings so ...