All About Emergency Funds Asheville NC

An emergency fund saves headache in Asheville. Costly home repairs can set you back several hundred dollars. An emergency fund will keep you from having to choose between having your car back and having your lights on. And when a loved one is ill, you can concentrate on them and not think about how you will pay the bills.

Robert Blanke
Braeside Financial Planning, LLC
(828) 398-2816
37 Haywood Street, Suite 200
Asheville, NC
Expertises
Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, Investment Advice without Ongoing Management, Newlyweds & Novice Investors, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Michael Collie
Collie Financial Planning, Inc.
(828) 654-8830
One Town Square Blvd, Suite 206
Asheville, NC
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Helping Clients Identify & Achieve Goals, Women's Financial Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CMFC

Richard Manske
Parsec Financial Management, Inc.
(828) 255-0271 Ext: *812
PO Box 2324
Asheville, NC
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Advising Medical Professionals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BBA, CFP®

Kenneth Frenke
Kenneth Frenke & Co.
(828) 654-9343
15 Loop Road, Suite 105
Arden, NC
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Financial Issues Between Generations, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MS

Mr. Michael S. Boulos, CFP®
(828) 258-0546
190 Biltmore Ave
Asheville, NC
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning, Long-Term Care
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Al Davis
Davis Financial Planning, LLC
(828) 398-5050
82 Patton Avenue, Suite 720
Asheville, NC
Expertises
Retirement Plan Investment Advice, College/Education Planning, Estate & Generational Planning Issues, Middle Income Client Needs, Tax Planning, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Joel Kelley
Woodstone Financial, LLC
(828) 225-1730
30 Town Square Blvd
Asheville, NC
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, M.Ed.

Bart Boyer
Parsec Financial Management, Inc.
(828) 255-0271 Ext: *812
PO Box 2324
Asheville, NC
Expertises
Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Kenneth Downer
Kenneth Frenke & Co.
(828) 654-9343
15 Loop Road, Suite 105
Arden, NC
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Cash Flow/Budgets/Credit Issues, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA

Mr. Larry R Scott, CFP®
(828) 776-8296
213 Executive Park
Asheville, NC
Firm
Cambridge Investment Research Inc

Data Provided by:
Data Provided by:

All About Emergency Funds

These days life is full of surprises. One day we are making ends meet with something left over and then a day comes when all of that can change. One day we are gainfully employed, the next we are given a pink slip. With the unpredictability of day to day living, having an emergency fund saves worry over finances when you are already worried over other things.

What is an emergency fund? Well, it is money that you have set aside for unforeseen situations. It could be an illness in the family, loss of a job, an accident, home repairs, or a natural disaster. Whatever it is, such challenges can deplete a bank account and lead us into financial disaster.

The thing about life is that unforeseen circumstances can happen to anyone and everyone. No one is exempt from them. The best we can do is to prepare in advance so that we are not focused on money. Historically an emergency fund is roughly equal to several months’ worth of income – however these days you should increase your emergency funds to 12 months of total monthly expenses.

That is a lot of money. When you add up all the household expenses you have we could be talking about $40,000. It is hard for most people to save a little, let alone that much money.

Don’t let this stun you into doing nothing. Starting anywhere is better than not starting at all. If you can manage to save $200 dollars a paycheck, then do it. Sure, it will take a while to build up an appreciable fund, but you will still have money put aside in the event that something happens.

One way to build your emergency fund when money is low is to use bonuses, raises, and tax refunds. Instead of buying extra goodies with that raise, take the extra money from the check and add it to what you are already putting away. A tax refund will build up that emergency fund quickly.

An emergency fund saves headache. Costly home repairs can set you back several hundred dollars. An emergency fund will keep you from having to choose between having your car back and having your lights on. And when a loved one is ill, you can concentrate on them and not think about how you will pay the bills.

Start an emergency fund today. Whatever you can contribute is good. Encourage the entire family to help out. While you are building a cushion for possible emergencies, you are also teaching them to save money.

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