What Is An Emergency Fund And How To Calculate Your Emergency Fund Savings?
Savings | Budgeting | Information

What Is An Emergency Fund And How To Calculate Your Emergency Fund Savings?

What is an emergency fund? An emergency fund is an account where you have money set aside for a rainy day. Typically, you want to calculate your monthly expenses and have at least 6 months of emergency funds set aside. If you have not calculated or have a good handle on your monthly expenses, please check out my page on budgeting. I have free tools and resources for you to quickly get an understanding of what your monthly expenses are. In the meantime, you should start at the very least by putting away a thousand dollars to start things out, just so have something in place for an emergency.

What Is A Savings Account And What You Should Look For In A Savings Account?
Savings | Budgeting | Information

What Is A Savings Account And What You Should Look For In A Savings Account?

A savings account when used properly can help in not only building wealth through interest earned, but it can create a vehicle of money storage that can later be deployed for your investments. Today more than ever the lines are blurred between checking, savings, money market accounts are more.