Money management experts recommend an emergency account for that unexpected expense or worse, a job loss. How much do you need? Again the experts would say 3-6 months’ worth of expenses to give you a cushion until you find another source of income. Years ago I established a fund that changed my financial situation and I […]
emergency fund
Are You One of the 47%?
The Federal Reserve Board conducts a survey every year to “monitor the financial and economic status of American consumers.” One of the questions asked on this year’s survey was “how would you pay for a $400 emergency?” 47% of survey takers responded that the only way they could cover the expense would be to (1) […]