The Importance of a Rainy Day Fund :: Why You Need One And How to Set It Up

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The Importance of A Rainy Day Fund

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For those of us in South Louisiana, we know all too well the inconvenience and disruption of our lives from hurricanes. These storms disrupt our finances as well. The saying, “Save for a rainy day,” is quite literal for us!   

The cost to evacuate and the cost to cover a possible deductible, often 2%-5% of the insured amount of our homes, can wreck your family finances.  

To continue reading, please click here to visit the New Orleans Mom Blog where this article was originally published.

 

About Erica

Erica has a B.A. in Communication from the University of South Alabama, where she focused her studies on Public Relations and Business Management.

Erica is a gifted communicator and administrator with a deep understanding of her clients' needs. She is committed to providing our clients with the best possible experience and helping them achieve their financial goals.

In her role at Plan Wisely, she began working with us in a marketing director capacity for several years. Now, as a Client Relationship Representative, she assists with client services, account maintenance, scheduling, and other financial planning tasks.

Erica is a valuable asset to the Plan Wisely Wealth Advisors team and is passionate about helping you achieve your financial goals. She is willing to go the extra mile for her clients and is dedicated to providing them with the best possible service.

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