Imagine you are driving on the highway, rain pelting down, cold winds howling. Suddenly, your car sputters to a halt – out of gas. You reach for your phone to call for help, but it’s dead, and there is no charger in sight. That sinking feeling? That’s exactly how unplanned expenses feel when they hit you at the worst possible time.
Be Your Own Hero:
Wouldn’t life be so much simpler if you had a portable phone charger handy? Just plug in, power up and help is on the way. This is the peace of mind that comes from being prepared – the kind of assurance we want you to have in your financial life.
Do you have an Emergency Fund:
As a phone charger can save the day, an Emergency Fund is your financial lifeline. It’s a cash reserve for life’s unexpected twists and turns – car or home repairs, medical emergencies, or even a sudden job loss. Think of it as your personal financial safety net.
How Much Do I Need?
A Robust emergency fund typically covers 3-6 months of your fixed expenses. This buffer ensures that when life throws a curveball, like a global pandemic, you are ready. You will have the breathing room to make decisions without the added stress of financial constraints.
Your Emergency Fund: A Step-by-Step Guide
- Start Saving: Aim to set aside 10% of your discretionary income (what is left after taxes and essentials.
- Reach the 3-Month Milestone: Once there, reduce contributions to 5-10% until you hit the 6 month mark.
- Maintain and Grow: Even after reaching your goal, continue to save 1-2% to replenish and grow your emergency fund.
We’re Here to Guide You
Liz Santamaria and Joshua Kane are not just advisors; we are your financial co-pilots. We are committed to helping you, your business and your family navigate through life’s storms and drive into the sunset with confidence regardless of circumstances.
Don’t wait for the rain to start pouring, let’s build that safety net together. Your journey to financial security starts here.
Liz Santamaria & Joshua Kane Your Partners in Financial Security
This newsletter is a starting point on your journey to financial empowerment. Remember, the best time to start is Now. Let’s drive confidently into a brighter, more secure future.
Northwestern Mutual
