Could You Handle a Money Emergency? | Debt Free Digest April 2019

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Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.

If life threw you a curve ball, would you be ready? One of the best ways to maintain financial well-being is to be prepared for unexpected events like job loss, illness, a home or car repair, divorce or sudden passing. In this month’s digest, we share resources to help you and your family figure out whether your finances can handle a speed bump and what to do if they can’t.

Good Reads From Around the Web

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Financial experts suggest saving three to six months’ worth of expenses for an emergency fund. To help you figure out how much you need to save, NerdWallet has a free emergency fund calculator where you input all your expenses and it will give you a recommended amount to start saving towards.

Calculate How Much You Need To Save For An Emergency

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While you may already have spending plans for your tax refund this year, Pat from Money Crashers says the wisest thing you can do with this money is to set it aside for an emergency fund. He also shares nine other strategies to help you make the most of this extra cash.

10 Ways To Use Your Tax Refund Wisely

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One area of personal finance that often goes overlooked is estate planning. In this detailed post on Retire Happy, Jim Yih explains the benefits of planning to ensure your family has a tax-efficient and stress-free transfer of your assets should you pass away unexpectedly. 

It’s Never Too Late To Start Planning Your Estate

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