Steps to avoid Financial Disaster!

By J. Sutton

Many Americans are living from paycheck-to-paycheck leaving them exposed to financial disaster. The primary cause of financial disaster comes from the lack of planning and having poor financial habits. For this reason, many Americans have been forced to lose or sell their homes, cars and businesses after losing their jobs unexpectedly. How do you prevent this disaster from happening to you?

One way to prevent financial disaster from happening to you is to create an emergency fund to bail yourself out of any potential financial troubles that may occur. This emergency fund could be easily developed by using a well-known strategy called the "10% solution".