Let’s face it, an emergency is bound to happen. Emergencies are a part of life. Many of us experience unexpected car repairs, home repairs, emergency room or urgent care visits, a furnace that goes out and so on. I have been caught in many of these little emergencies where I was not prepared and didn’t have the funds. Not being financially prepared for a small crisis made it a huge crisis for me. I would be up worried late nights and making embarrassing phone calls to friends and family who would only tell me they were not able to loan me the money because they didn’t have it either. 

I’ve heard Dave Ramsey say many times that the average person doesn’t have $1,000 in their bank account for an emergency. Most Americans are simply living paycheck to next check. In my experience, I have lived from paycheck on Friday to not a dime left by Monday.

We can lessen the stress of a car repair, an appliance that breaks down or an emergency home repair if we have the funds to pay for it. Mechanical things will break down or eventually stop working. Having money set aside when it happens will allow you to work through the situation with less stress. You won’t have to worry about where you’re going to get the money from to fix or replace the broken item if you have it saved.

I know that saving can be hard when money is tight and thinking about saving a relatively large sum can seem overwhelming. I am a firm believer that if we breakdown the task of saving down to small amounts, we can accomplish this goal. 

Take the Luxe Life Movement challenge to save $1,000 for a mini crisis by saving small amounts each day over the next 30 days.  

Use this chart to help you stay on task. Try to save one of the dollar amounts listed each day over the next 30 days and mark off the amount you save each day. Deposit the money you’ve saved over the course of 7 days into a savings account. This account will be your MINI CRISIS FUND. Choose a day of the week that is convenient for you to deposit the money into your Mini Crisis Fund. For example, if Thursday is a good day for you, try to deposit the money saved every Thursday for the next 30 days. If you’ll be saving this money in cash, be sure to keep it separate from other money you have on hand. Use a large jar or envelope to store the money until you can take it to the bank.

If you will be saving the money with any of today’s online accounts, transfer the money on your day of choice to your Mini Crisis Fund account exclusively for your mini crisis fund.

I know you can do it and I want you to come back and tell me. Tag me on Facebook to share your news or DM me on IG. I can’t wait to hear about your success!