Create a Just-In-Case Fund

Is Security important to you – then you need a ‘Just-In-Case’ fund and you need one now.

This is a fund earmarked for emergencies, (anything from a busted fridge to a job loss) and creating one will give you peace of mind. Should something unexpected happen, your fund has fulfilled its purpose and your savings for other, concrete goals can happily remain intact.

Talking specifics, your ‘Just-In-Case’ fund needs to be equivalent to six months’ salary. And, if you have a mortgage, it should be housed in an offset account alongside it.

In fact, this’s where all your savings should be. This type of account offsets every dollar you hold in it against your loan balance. So, your emergency money can keep you relaxed and comfortable while also reducing your time in debt, getting you even more secure!