5 Organizations You Can Turn To During A Financial Disaster
Posted: 06-20-11 11:42 AM
If your car broke down tomorrow, would you be able to scrounge together enough cash to pay for repairs andcover this month's utilities?
If this makes your palms sweaty, you're not alone. HuffPost Business recently reported on a Brookings Institute study, "Financially Fragile Households: Evidence and Implications," that revealed almost half of all American families would not be able to come up with $2,000 in 30 days. The amount of money and month-long time frame were used to reflect unexpected fees, such as car repairs, large co-payments, or medical expenses.
While some respondents say they'd have to pawn possessions, take payday loan or dive into their savings accounts in order to cover costs, fortunately there are some organizations out there that can help you out in times of emergency.
