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Saving money for a specific purpose is one thing, but you should also put some money aside into a rainy day fund. This ‘just in case’ money can come in really handy, so here are four important reasons why you should have a rainy day fund.
You Have Money In Case Of Emergency
You can look after something to perfection and take the best care possible, but eventually, things break. If you fridge, washer or car breaks, then you need to have the money to pay for it to be fixed or for a new one. Your rainy day fund can really help you out in these emergency situations. It means that you have some money dedicated to times like this and even if it doesn’t cover all of the costs, it will go a long way towards it. You can never 100% predict and know when something is going to stop working and need replacing, so it is always worth having a rainy day fund.
You Can Avoid Debt
If something does break and you don’t have any money set aside to fix or replace it, then you might need to borrow money. If you need your car to get to work, then you need to get it fixed, and it cannot wait while you scrape together the money. You can take a small loan to cover the amount, but even this comes with interest. You will be better off and more independent financially if you have saved money into a rainy day fund. While borrowing money might be an easy alternative, you will end up paying back more money than you borrowed and if you fail to make the payments, then it could further impact you and your credit score.
You Will Have Peace of Mind
Peace of mind is something that should never be underestimated. The simple fact that you know that you have put money into a rainy day fund will help you feel more relaxed and less stressed even if you don’t notice it. You won’t have to worry about what you will do if something breaks down and where the money to replace it is going to come from. This is because you will know exactly where it is coming from – your rainy day fund. If you regularly save money into your rainy day account, then you will have a peace of mind knowing that if something goes wrong, then it can be taken care off.
Creates A Good Saving Habit
If you don’t already have savings, then starting by making a rainy day fund is a good idea. It is small and can help you get used to the idea of saving money each month. The more you save, then better off you will be in the future. Your savings gain interest each year and will steadily grow. The same is true for your rainy day fund or any other kind of savings account. Saving money is always a good thing, and you should get into the habit of doing it.
It won’t be winter for long, but we still need to keep the children occupied when they are off school or at the weekends. It is only natural for us to begin to think about how to occupy the our children as the weather will start to warm up, the long summer holiday period, etc. Children can get bored quite easily and while it’s great to go out and visit places, doing something each day or even each week can be quite costly. So I thought I would share with you some great family activities you can enjoy at home with the kids. Continue reading →
Your children deserve the world, and as they’re growing up this is the only thing you’re going to be trying to give them. They need to have a range of different life experiences in order to grow as a person. There’s just so many different ones you can give them that will help to do this. Some you don’t even need to spend a penny for, some you will. It isn’t all about education however. It is about the fun things you can do with them throughout their life that will give them something to look back on. As adults we all have fond memories of what our childhoods used to be like. Walks in the park, holidays, days out. This is exactly what you need to give to your child so they also have the same amazing experience to look back on. This article is going to outline some of the best that you can do.
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The holidays are here and I always at a loss of what to get for my son as a stocking stuffer. He is 11 years old and it is getting harder. I don’t like to put just candy and buying gift cards gets very exspensive. Even though he would love that. Game stop has so many great items this year that is right up his alley for stocking stuffers. Continue reading →
This is the time of year I take the most pictures. I do take pictures all year long but, I tend to take more when the family is around. The best way to be able to capture all these great moments is with The Kodak PIXPRO FZ43. It has 4x Optical zoom. It is a 27 mm wide angle camera with 16 megapixels. The screen is 2.7”LCD. Takes High Def Videos. Also takes panorama pictures. Continue reading →
Ice cream is a family favorite treat. We all like different flavors. I love soft serve ice cream. Now you can make soft serve ice cream at home. The Ice Cream Depot SX1000 Home Soft Serve Ice Cream Machine is quick and easy to make your favorite flavors at home. Professional-quality soft serve ice cream, frozen yogurt, sherbet and frozen beverages are now available right at home, with the Ice Cream Depot SX1000 Home Soft Serve Ice Cream Machine. Continue reading →
It is that time of year when everyone gets together. I love when people come to my house and smell the amazing fragrances in the air. When people talk about the smell of my house they are not saying it smells like dog, cooked food. They say it smells pretty. I do not like overwhelming perfume smells. The t is why I like Airwick. It is the main brand I use in my home. Continue reading →
With the Holidays here I am always on the lookout for decorations for my house. Whether it be lights, ornaments anything to bring in the holiday cheer. There is a new product called Tree Effects. It is a table top tree that has remote control lights on it. There are 16 different color effects: Continue reading →
When I was younger my mom would add Mr. Bubble to my bath. I remember the scent and it reminds me of my childhood. I remember the first time I added Mr. Bubble to my sons bath. The familiar scent reminded me of when I was younger. Now you can pamper yourself with the new line Luxe by Mr. Bubble. The same fish scent in new pampering products. They have sugar scrub, body soak, bubble bar, bath bombs, shower cream, lip balm , body butter and fragrance mist. Continue reading →
This season I have been wanting to make and prepare something different for the family. I had recently received the new Ninja® Precision Processor™ with Auto-Spiralizer™ features two interchangeable vessels: 4 cup* Precision Processor™ Bowl and Auto-Spiralizer to help you tackle a wide variety of meal-making tasks and become more creative in the kitchen. The Precision Processor Bowl powers through tough ingredients to chop, mince, grind, mix, puree, and make up to a pound of dough. The Auto-Spiralizer includes two different pasta-style blade discs—spaghetti and fettuccine—enabling you to transform ordinary veggies into fresh noodles in seconds for pastas, salads, soups, and more. Continue reading →