As a fitness professional with a personal training business, valleys can happen unexpectedly and during certain times of the year. In Chicago, August and December can be slow training months. August is a vacation month for families before the kids go back to school and of course a lot of people stop training during the Christmas and New Year holidays.
Last May, seven of my clients had life problems which caused them not to train with me for one month which meant I had no money coming in. This caused me to dip into my emergency fund which is only for true emergencies. I didn't know what to do until I heard the Dave Ramsey show about the hill and valley savings account. I started building a hill and valley savings account in September. I will add to my account when personal training hits its peak during the months of January, February and March.
If you have a fitness business or any business, you might want to start saving for your hill and valley savings account 2018.