Emergencies can pop up anytime and turn your finances upside down. It might start with a toothache that turns into a major dental procedure, and the next thing you know your phone is on the fritz and your pet needs to go to the vet, all in the same week!
Why do we find it so difficult to save for the future? It may be the way our brains are wired. A recent study suggests that even when the ability to save and earn are both available, our brains are biased toward an “earn first, save later” way of thinking.