Financial Strategies to Help You Weather Emergencies
Join our weekly #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m. ET. This week, we discussed financial habits that can help you get through some tough times. The panel included: Rod Griffin: Director of Public Education at Experian and Mike Delgado: Director of Social Media at Experian.
We’re also featuring financial tips all week on Snapchat.
Questions We Discussed:
- Q1: Why is it important to plan ahead for emergencies?
- Q2: What are common emergencies that can severely impact a person’s financial situation?
- Q3: What’s an emergency fund and how does it differ from everyday savings?
- Q4: How much should you ideally have saved in an emergency fund?
- Q5: How can focusing on financial preparedness motivate people to eliminate debt?
- Q6: What financial or personal documents should we have prepared in the event of an emergency and how can we protect them year-round?
- Q7: How can insurance help you weather a financial emergency?
- Q8: What role does credit play in a financial emergency?
- Q9: Ok, maybe you’re not as prepared for a financial emergency as you would like. What can you do to help yourself?
- Q10: Any final tips help someone plan ahead for an emergency?