#emergency-fund

#emergency-fund

This workplace account allows you to make pre-tax contributions to a retirement plan and, in many cases, your contributions also entitle you to receive matching funds from your employer. However, while most people know they should contribute to a 401(k), they aren't necessarily certain about what to do next. If you have a maxed-out account at work and you're trying to figure out what else to do with your money, here are some options to consider.

Dave Ramsey is a well known American personal finance expert, author, and radio host. He is one of the most recognizable voices in the field because of his practical approach and his focus on giving people in debt simple, meaningful steps they can follow. Many of the individuals who come to him are facing serious financial trouble, and his guidance is designed to help them climb out.

When life takes an unexpected turn, do you have a plan to stay financially sound? Being ready for any situation gives you peace of mind and confidence, no matter what comes your way. If you set aside a little amount each month, you can create an emergency fund with a 0 Balance Savings Account that keeps you secure if an unexpected situation arises. This fund helps you stay confident and in control during emergencies.

Investing $1.3 million in an account earning an average annual return of 7% can significantly grow wealth over time, creating a substantial retirement nest egg.

If you're worried about a recession, then one of the best things you can do is boost your emergency fund to ensure financial stability.