{"id":1397,"date":"2020-06-10T08:36:49","date_gmt":"2020-06-10T08:36:49","guid":{"rendered":"http:\/\/abcthebank.com\/blog\/?p=1397"},"modified":"2020-06-10T08:37:17","modified_gmt":"2020-06-10T08:37:17","slug":"build-your-emergency-fund","status":"publish","type":"post","link":"http:\/\/abcthebank.com\/blog\/build-your-emergency-fund\/","title":{"rendered":"Build your Emergency Fund"},"content":{"rendered":"<p>The current pandemic may be beyond your control, but you can control how you respond and prepare financially. Having some\u00a0money saving tips\u00a0under your belt could be a lifesaver so that that when worse comes to worst, you\u2019ll know\u00a0<span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"http:\/\/www.businessinsider.com\/10-strategies-for-surviving-the-recession-2010-6\">how to\u00a0survive<\/a>.<\/span><\/p>\n<p>An emergency fund is the money you\u2019ve saved up for the sole purpose of helping you get through financial hardships.<\/p>\n<p>When the economy starts to dip, our jobs and our income can be put in jeopardy, and it\u2019s for this reason that maintaining an emergency fund is crucial.<\/p>\n<p>Whether your hours have been cut back, you\u2019ve lost your job, your business isn\u2019t making any money, or you made some poor financial decisions, emergency savings will give you a safety net to fall back on so you can ride the wave and emerge from the recession back on your feet.<\/p>\n<p>If it\u2019s possible, try to save about 3 to 6 months\u2019 worth of your wages, so when the economy is down and money is tight, you won\u2019t have to turn to borrowing.<\/p>\n<p>Tough times always last longer than you would think, so debts from these times are always greater than anticipated. Since most people are used to living on their entire paycheque, they don\u2019t have anything extra to repay this debt. So, they have to either increase their income or significantly downsize their lifestyle to afford repaying the debt at their current income level.<\/p>\n<p>If you haven\u2019t started saving already, call us on 0701 700 700 or email on talk2us@abcthebank.com. The ABC Pure Savers account not only disciplines you to a saving culture but earns you competitively high interest while at it.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: \u201cTips to Survive a Recession.\u201d \u00a0www.mymoneycoach.ca\/blog\/money-saving-tips-how-to-survive-recession.html<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current pandemic may be beyond your control, but you can control how you respond and prepare financially. Having some\u00a0money <a class=\"read-more\" href=\"http:\/\/abcthebank.com\/blog\/build-your-emergency-fund\/\">>><\/a><\/p>\n","protected":false},"author":1,"featured_media":1399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[],"_links":{"self":[{"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/posts\/1397"}],"collection":[{"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/comments?post=1397"}],"version-history":[{"count":2,"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/posts\/1397\/revisions"}],"predecessor-version":[{"id":1402,"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/posts\/1397\/revisions\/1402"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/media\/1399"}],"wp:attachment":[{"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/media?parent=1397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/categories?post=1397"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/abcthebank.com\/blog\/wp-json\/wp\/v2\/tags?post=1397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}