The news isn’t always the most uplifting show on TV these days, but when I watch or listen to the news, I am reminded of one thing – the importance of a savings account. This might sound silly to you, but even the most awful stories can make you grateful for the accounts you have that help you save money. Here are three of the top news categories and how they tie into the importance of a savings account.
Flooding! Mud slides! Fast melting snow! Rivers full to capacity! These types of stories have been bombarding the country. The amount of snow, water and flooding in some areas is awful! Many people have been affected and one small way to ease the blow of insane amounts of water is a savings account. That emergency fund is set up for times like this, when disaster hits and you can’t do anything but deal with the damages. Having some money put aside to help with those circumstances would make the process a little easier to swallow.
An accident is defined as, “an unfortunate incident that happens unexpectedly and unintentionally, typically resulting in damage or injury.” You can’t plan for when you get in a car accident, but you can have a savings account open and be depositing money into the account on a regular basis. This money can help cover the costs to fix your car, insurance premiums and, heaven forbid, hospital bills or funeral expenses. You can’t pretend that an accident won’t happen to you, but, you can prepare so if or when it does, you aren’t hit with bills you can’t pay on top of dealing with the accident itself.
Savings accounts don’t have to be just for travesties. The Super Bowl just ended and now we are entering into March Madness and getting closer to the NBA Finals. Not to mention golf, NASCAR and baseball are entering a new season as well. If one of these events is exciting and something you want to spend a little money on, (not all of it!) you will be grateful for your savings account. It is much more enjoyable to attend one of these different events knowing the night has been paid in full, rather than earning interest on your credit card that you aren’t sure when you can pay it off. You can’t really prepare for your team to make the finals each year, but you can by increasing your savings account.
Get A Savings Account
If you don’t have a savings account, just watch the news one night and you will be scared into getting one. A savings account is a great way to plan for the unexpected. Open an account and sign up for direct deposits to ensure you are always contributing money to the account. Can’t decide which account to open, let BankTruth help! You will be glad you did!