16 Reasons You Can’t Escape The Poverty Trap

You don’t have an emergency fund

According to Jeff Rose, certified financial planner founder of GoodFinancialCents.com, not having some money put aside for emergencies is one of the biggest mistakes people make when it comes to their finances and future needs.

He suggests doing your best to build an emergency fund, even if it means putting as little as 100 dollars a month for starters. The idea is to increase the amount every chance you get until you manage to save an amount that would provide some sort of financial security in case of an emergency. Don’t stop saving for emergencies!

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