All About Emergency Funds Mooresville NC

An emergency fund saves headache in Mooresville. 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.

Garrett Moretz
290 Glencoe Lane
Mooresville, NC
Company
Title: Financial Advisor/Principal
Company: Moretz Wealth Management, LLC
Type
Investment Advisor Rep: Yes
Education
BS Business Administration
Years Experience
Years Experience: 11
Service
401k Rollover From Employer,Income for Life/ Preserve Principal,Wealth Management,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care

Data Provided by:
Mr. C. Randy Rodgers, CFP®
(704) 658-3600
1074 River Hwy
Mooresville, NC
Firm
Peoples Investment Services, Inc.
Areas of Specialization
Comprehensive Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Jeffery S. Andrew, CFP®
(704) 663-9041
918 Brawley School Rd Apt A
Mooresville, NC
Firm
LPL Financial
Areas of Specialization
Insurance Planning, Investment Planning, Retirement Planning

Data Provided by:
Mr. Jeffrey P Kendall, CFP®
(704) 658-1929
P.O. Box 3550
Mooresville, NC
Firm
Karp Financial Strategies
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Management, Small Business Planning, Young Professionals
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. John E. Matheny Jr., CFP®
(704) 533-0827
488 Oak Tree Rd
Mooresville, NC

Data Provided by:
Mr. Walter C Pate Jr., CFP®
(704) 280-6050
761 Beaten Path Rd
Mooresville, NC
Firm
Nationwide Financial Netwoirk
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Elder Care, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. David M Alley Jr., CFP®
(704) 799-2661
179 Gasoline Alley
Mooresville, NC
Firm
First Command Financial Services
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Government Employees

Data Provided by:
Ms. Mary Jo Lyons, CFP®
(704) 658-1040
136 Gateway Blvd Ste C
Mooresville, NC
Firm
Preferred Financial Strategies
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Elder Care, Estate Planning, Investment Management, Long-Term Care, Retirement Income Management
Key Considerations
Profession: Not Applicable

Data Provided by:
Mr. William D. Howard, CFP®
(704) 664-6772
PO Box 3426
Mooresville, NC
Firm
billhowfin@windstream.net
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Income: $100,001 - $250,000



Data Provided by:
Mr. Michael T. Sullivan, CFP®
(704) 799-2727
183 Crystal Cir
Mooresville, NC
Firm
Nexstone Financial Solutions 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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