Emergency Savings Report found that almost 1 in 4 (24 percent) of U.S. adults don’t have emergency savings. At a time when fewer households have emergency savings to absorb unexpired costs, the financial ripple effect of a few hot-headed moments behind the wheel can last for years. The typical car insurance surcharge from accidents or moving violations lasts about three years. The other related costs can be more immediate and short-term, but add up fast.
Builds up quick