Your finally current on your bills and you have a budget to know where your money is going, so now what?
What would happen right now if the transmission in your car went out? Most likely, if you are just starting out, it would be a financial catastrophe. You either wouldn’t be able to afford the repair and would be without transportation or you would have to put it in the credit card, going deeper into debt.
That’s why it is so important to have savings set aside. A cash reserve meant for emergency situations that will (not might) happen. This is the next step in the Battle Plan Series.