The Money PagesOops! The Bike Light Broke
Jo’s just-in-case money has a job to do.
Jo's bike light breaks on the day Jo wants to buy a poster. Bad timing, bike light.
A new light costs $4. Jo has $4 in a “just in case” envelope.
That money can help pay for the surprise. It won't solve every problem, but it helps with this one.
Money kept for an unexpected need is sometimes called an emergency fund. Not everyone has money left to save, and there's no one right amount.
If a problem is too big for the envelope, Jo can ask a grown-up for help.
Money words
Reserve
Something kept ready in case it is needed later.
Money kept for a surprise need can help. Not everyone can save, and bigger problems may need a grown-up’s help.
