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Post by Mr. Meyer on Nov 4, 2015 19:22:59 GMT
How can living on a budget and having an emergency fund help you avoid debt?
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Post by mckenna on Nov 6, 2015 16:14:16 GMT
You are prepared if you have any unknown expenses that come your way and you only buy the things within your budget so you do not go into debt
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Post by elliesessions on Nov 6, 2015 17:22:15 GMT
having a budget will help you give all of your money a place, so you don't overspend and go into debt. an emergency fund also helps so when unexpected things come up you wont go into debt trying to fix them.
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dora
New Member
Posts: 14 
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Post by dora on Nov 8, 2015 2:59:17 GMT
You are putting your money exactly where it needs to go each month and if you stick to the budget, there will be no overspending. This can, in the long run, help with avoiding debt in buying houses or cars. An emergency fund is there so that when you need extra money fast, you have it then and don't have to borrow it.
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Post by laurenhanger on Nov 11, 2015 16:11:17 GMT
A budget gives you boundaries for your money so you spend the right amount of money in the right place. An emergency fund helps you to be prepared for expenses that you didn't know about, so therefore are not in the budget. Being prepared and organized with your money definitely helps you stay out of debt.
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Post by booklover468 on Nov 11, 2015 19:20:38 GMT
I agree with Lauren. Making a budget helps you save, and when you're out of debt you experience freedom.
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Post by clarahanger on Nov 12, 2015 1:49:04 GMT
having a budget will help you give all of your money a place, so you don't overspend and go into debt. an emergency fund also helps so when unexpected things come up you wont go into debt trying to fix them. I agree with Ellie! |
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Post by alexandrafabulous on Nov 17, 2015 15:18:09 GMT
You are putting your money exactly where it needs to go each month and if you stick to the budget, there will be no overspending. This can, in the long run, help with avoiding debt in buying houses or cars. An emergency fund is there so that when you need extra money fast, you have it then and don't have to borrow it. Precisely. When you follow your budget, you won't have any impulse purchases and you'll be able to afford the things you need when you need them. |
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