Skip Nav
Wellness
4 Morning Rituals to Help Relieve Anxiety
Gift Guide
20 Affordable Gifts For Women in Their 20s
Productivity
Removing These 31 Things From Your Life Will Make You Happier and More Successful 

How Much Do Emergencies Cost?

Can You Come Up With $2,000 in 30 Days?

Do you think you're financially ready enough to suddenly face a $2,000 bill? According to research by the National Bureau of Economic Research, almost half of the people polled say they can't come up with funds to pay off an unexpected $2,000 expense. The amount is an estimate of real-life emergencies like "an unanticipated major car repair, a large copayment on a medical expense, legal expenses, or a home repair." These are all emergencies that can actually happen, so it's always good to have financial padding to get us through the unexpected expenses.

People in the study who say they will be able to come up with the money use various methods such as taking money from their savings, borrowing from friends and family, selling stuff they own, or taking out loans and charging it on credit cards. Do you think you'll be able to come up with the cash?

Image Source: Thinkstock
How Can I Save Money by Using Cash?
C-Section Recovery
Building Up Emergency Fund Tips
How Should I Talk to My Kids About Money?
From Our Partners
Latest Afforable DIY & Organization
All the Latest From Ryan Reynolds