Tag Archives: emergency fund

Why Saving for a Rainy Day Fund is Important?

rainy day fund Saving money – it is something we advocate strongly for at Virgo Philosophy. However, we know saving can be daunting.

According to MarketWatch.com, almost half of the United States’ consumers cannot handle a single financial emergency¹. The numbers may be more or less the same for other western countries. The lack of saving money have baffled finance professionals and researchers, but it basically comes down to people spending more money than they earn.
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Five Reasons to Avoid Payday Loans

payday loansFor years payday loans have been attractive to people who are in desperate need of funds. Most people initially believe accessing payday loans will help them out of a short term financial crisis, but in reality, payday loans are not short term and can cause significant financial distress.
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