According to Dave Ramsey, author of "Total Money Makeover", everyone should have an emergency fund which contains three to six months of living expenses. For many, it's quite challenging to find the extra cash to put into that emergency fund. We all know it's a good idea to have one but there are always other pressing things that need your financial attention.
Dave Ramsey suggests having a starting goal of saving $1000 initially in your emergency fund. For many, this will not equal three months of living expenses, but it could cover the cost of a car or home repair.
This is how you use Associated Content to reach your savings goal. For those who don't know about Associated Content, it is a website devoted to offering information on any conceivable topic. They pay upfront for articles that you submit about anything you wish to write about and they also pay monthly for accumulated pageviews.
First, you must set up a Paypal account. Next, set up an online savings account. After steps 1 and 2 are complete, connect the savings account to Paypal. Now you can start padding your emergency fund. If you are not already signed up as an Associated Content contributor, create an Associated Content profile and enter your Paypal information in the profile form.
With your will Associated Content article payments and pageview earnings you will start earning money immediately. This is the money you will use to build your emergency fund.
It's best to think of your Associated Content earnings as extra money that you don't need. It can be considered "gravy" money or a windfall. If you don't rely on this money to meet your household budget, it will be much easier for you to earmark it for your emergency fund. I like to think of my Associated Content writing portfolio as a side business. The more effort/articles I contribute, the greater my earnings will be
I recently signed up on Twitter and used my name, Jane_Meyer, as my Twitter ID. I took advantage of Associated Content's auto-post feature which posts your content to Twitter automatically as soon as a piece is published. This has allowed me to increase my following and garner more pageviews.
Using Associated Content (AC as its fans refer to it) is a great way to fund your emergency bank account, especially if you can't squeeze extra money from an already tight budget. Making extra money on your own schedule and pace can't be any easier!
Published by Jane Meyer
Jane Meyer is an independent contractor and an AC Top 1000 Content Producer 2009. She works from home writing for various websites and freelancing on Fiverr.com. View profile
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4 Comments
Post a CommentI saw your article over on Twitter in the best of AC group. Very nice article.
Great advice!!
My AC money is helping pay for a Disney vacation. I'm thinking next year's earnings will be earmarked for paying down some debt. I want to move, oh so bad! That's a huge goal for me.
Terrific advice :)