As much as we might try to avoid them, accidents happen – and they can happen anywhere, any time. Sure, sometimes these accidents might be small and insignificant, like scraping your knee or dropping a glass on the ground, but what about the bigger problems? Things like spraining your ankle, your car breaking down, or even a window of your house getting broken.
Whether it was an accident you or someone else caused, or merely an unlucky day, situations like these can not only be stressful, but they can be costly to fix. Even with your health, car, or home insurance, you might not be prepared to pay the fees associated with doctor appointments, mechanic fees, or whatever else you might need to pay to get back on track. One way you can alleviate a lot of that stress in these kinds of situations is to create an emergency or “rainy day” fund using a savings account.
When you put away even a little bit of cash into a savings account each month, over time the balance in that account will continue to grow due to the interest. After a little while, you’ll have a fairly sizeable amount in the account to use in the event you have an unexpected expenditure. The fund can make a huge difference in your life and save you a lot of money and stress.
Peace of Mind
We often try to avoid thinking about worst-case scenarios to keep ourselves sane, which is completely understandable. However, planning for the unexpected gives you peace of mind now. When you put your money away into an emergency fund, you can leave the money there to grow your fund and not have to think about it until an emergency presents itself.
For more information about setting up a savings account, feel free to talk with an expert at your local NuMark branch, or you can check out some of our product offerings online. A great option that we offer is our Goal Saver account. Click here to view our current rates for all of the savings accounts we offer. To open your account, call (815) 729-3211, or visit your nearest NuMark location.
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