Biggest Financial Worry in the Lone Star State?
Having to Pay for Unexpected Emergencies Scares People Most

DALLAS — Unexpected medical or household emergencies topped the list of Texans’ greatest financial fears, according to a recent statewide poll by the Texas Society of Certified Public Accountants.

Loss of employment and not having enough money saved for retirement were the other top financial fears.

“Job layoffs, massive medical bills, and natural disasters are just a few of the crises we can face in life,” TSCPA Chairman Ed Polansky, CPA, said. “The key to getting through all of them: having a plan.

“An emergency is never planned, which is why it’s essential that you prepare today for what may come tomorrow,” Polansky said. “Many people are scared about having to deal with emergencies because we haven’t figured out what we’ll do when they arrive on our doorstep.”

To help consumers overcome their financial fears, TSCPA has created www.valueyourmoney.org, an online resource with answers to common questions about financial emergencies, saving, investing, credit, insurance, and other money issues.

“Not having a plan for how to handle unexpected major expenses could send a family down the wrong financial path,” Polansky said. “Texas CPAs created www.valueyourmoney.org to make sure we help as many Texans as possible get on, and stay on, the road to financial success without any detours in the emergency lane.”

Polansky says financial emergencies will hit all of us, but they don’t have to cripple your financial future.

“Prepare today, so you’ll be ready tomorrow,” he said.

ABOUT TSCPA

TSCPA (http://www.tscpa.org) is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and has 27,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.