It's great to have an emergency fund BUT...
For many people these ideas simply don't work. They are struggling to even make the current bills.
Yes an emergency fund is a good idea and yes it is very helpful BUT in the first stages of getting your budget on track it is not the key. In the early days you will be building up some savings and you may have to dip into them in emergencies.
The key is finding a way of budgeting that you will continue with. Don't get caught up trying to run a complex budget, you'll give up and fail.
So here's the key, get started with a simple budget and then add only those things you need like an emergency fund when you are established and happy with the way things are working.
Enjoy Your Money
The Budget Man
www.PersonalityBudgeting.com
Where people go to start sorting out their budgets.
