Posted On: November 19, 2025 by San Luis Valley Federal Bank in: Financial Education
How to Save for an Emergency, during an Emergency
Sticking to a routine savings plan has never been easy. It’s even more difficult when something unexpected happens, like an accident or a natural disaster. Many consumers use credit cards or loans as a quick solution during emergency situations.
Unfortunately, high-interest debts can be hard to pay off. If you don’t pay off those balances regularly, you can pay more in the long run through accrued interest. If you fall behind on your payments, expect to cover late fees as well.
Financial emergencies happen, but starting or continuing to set aside money for an emergency, even during an emergency, is still the safer and more affordable option.
Why You Should Start with Savings Now
The world is constantly changing, and emergency events will always happen. While you may currently be experiencing the impacts of the global health crisis brought about by COVID-19, history shows us that other future emergencies
Read More
