Community Empowerment Center

Another year has come and gone, and I must confess -- turns out I'm only human too. Last year brought some big expenses and, if I'm honest, a little overspending on my part.

Debt can happen to any of us. Sometimes we make choices that overstretch our budget or develop spending habits that challenge self-control. Sometimes unexpected life events require funds we simply do not have. Whether debt is of your own making or a result of unfortunate occurrences, there are ways to tackle the burden.

According to U.S. News & World Report, the majority of Americans do not have enough savings to cover three months of living expenses, leaving them vulnerable to a financial emergency. The unexpected loss of a job, a trip to the emergency room, car or home repairs, or costly veterinarian bills can wreck even the most carefully planned budget - which is why having an emergency fund is crucial to financial stability.