Why You Should Build An Emergency Fund

Building an emergency fund should be the top priority of every Canadian. When you have an emergency fund, you will be better able to stay afloat when financial emergencies occur. It will also prevent you from sinking in debt when financial challenges come your way.

Aside from providing you cash to run after in case of financial emergencies, an emergency fund can offer you peace of mind and keep you calm during such an unfortunate situation. An emergency fund gives you easy money access anytime. Furthermore, with an emergency fund, you won’t have to resort to borrowing money at high interest rates anymore during financial crisis.

Here are the situations when an emergency fund could be very useful:

  • Car Repair. Having cash to pay for repair of the damages of your vehicle like a broken brake is very important as you need your car for your daily living activities. Without your car, your work or even the education of your kids can be definitely be affected.
  • House Repair. Unless you give immediate attention to your house’s damages, you’ll end up paying a large amount of money because you are left with no choice but to replace it. Yet when you have a broken window in your house and you have an existing emergency fund for its repair, you won’t have to spend a large amount for replacement since you’ll be able to prevent the damage from getting worse.
  • Emergency Doctor Visits. A visit to a doctor’s clinic is expensive. But this frequently happens when you have kids at home. You might face emergency doctor visits due to a child’s flu or minor accident. As this is not part of the fixed expenses, it is important that you prepare for finances like this through an emergency fund.

Unfortunately, you don’t have an emergency fund to finance your immediate needs. What can you do? Resort to High River car title loans.

Borrow Money Through High River Car Title Loans      

Car Title Loans Canada specializes in High River Car Title Loans. High River car title loans are safe, reliable and affordable financial solutions available to people who can use their car as collateral for a loan. What the lender would take is only your car title so you can still drive your car while paying your loan. Upon full payment, you get back your car title. If interested, contact us today at 1-855-653-5451 for us to process your application.

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