Piller Financial Group

952-258-5223 | jesundell@pfingroup.com
2 Carlson Parkway N, Suite 320, Plymouth, MN  55447

Prepare Your Finances for the Next Emergency

If there’s one financial lesson many people will take away from the pandemic, it’s the importance of a well-stocked emergency fund. In fact, a mid-2020 survey found that respondents’ top financial regret was not having enough emergency savings to withstand the crisis — and this was true for every income group.1

A sudden job loss, an income reduction, and large unexpected expenses like medical bills and home repairs can be devastating for those who don’t have adequate savings. It’s generally recommended that households keep a cash reserve that would cover at least three to six months of living expenses.


Biggest Pandemic-Related Financial Regret

Pandemic regrets: undersaving for emergencies 23%, undersaving for retirement 20%, debt 17%, income instability 14%, overspending 7%

Source: Bankrate.com, 2020


Even if your financial situation held up fine in 2020, adding to your savings could help you avoid racking up debt the next time you face a financial challenge.

Here are some ways to build up your emergency fund.

  • Divert a portion of salary. Determine how much income you can afford to set aside and transfer that amount automatically from your paycheck to a separate account.
  • Track and control spending. Review your spending habits and look for the least painful ways to cut back, leaving a little more to stash away each month.
  • Make the most of a windfall. Resolve to save your tax refund, quarterly or annual bonus checks, monetary gifts, and other unplanned income.

Contact Information:

Piller Financial Group

2 Carlson Parkway, Suite 320
Plymouth, MN 55447

We have individuals licensed to sell insurance products in the following jurisdictions:  AK, AZ, CA, CO, DC, FL, GA, IA, IL, KS, KY, MD, ME, MI, MN, MO, MT, NC, NE, NY, OH, OK, SC, SD, TX, UT, VA, WA, WI, WV

We have individuals licensed to offer securities in the following jurisdictions: AK, AL, AR, AZ, CA, CO, CT, DC, FL, GA, HI, IA, IL, KS, LA, MA, ME, MI, MN, MO, MT, NC, ND, NE, NJ, NY, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI, WV

California Insurance Licensing 

Grant Piller

CA Insurance License 0H24477, State of Domicile: MN

Securities and investment advisory services offered through qualified registered representatives of

MML Investors Services, LLC. Member SIPC. (www.SIPC.org) 100 South Fifth Street, Suite 2300, Minneapolis, MN  55402.  Phone:  612-333-1413

Piller Financial Group is not a subsidiary or affiliate of MML Investors Services, LLC or it's affiliated companies.

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