24 Jun When Savings Accounts Can Literally Save You
If you haven’t already, maybe you should start implementing a plan to how you divide up each paycheck. This means that each paycheck you receive, set aside a certain percentage of it to put into a savings account. This savings account should only be used in emergencies or when you’re ready to enjoy it in the far future, such as getting a house or going on a big vacation or retirement.
The point of keeping a savings account is so you are always financially prepared and stable. What happens if, for example, you are arrested for a silly mistake and need to post bail? This is where your savings can come in handy big time. Bail is definitely not something anyone ever expects to pay or prepares to pay for. It’s a hefty number that is frightening. But with a growing savings account, and more affordable ways to posting bail (like using a bail bond), you will not be as nervous to pay it.