You Have Little To No Emergency Funds

Even making a decent amount of money, many middle-class folks lead a lifestyle that leaves them living paycheck to paycheck. If something happened where they needed money fast, they’d have to resort to putting the bill on a credit card.

This is a dangerous position to be in, as all it takes is a lost job or one emergency to ruin a person financially. The rule of thumb is to save enough money to pay for three months of expenses in case of a loss of income.