Before I get into today’s topic, I want to thank the personal finance blog who Kip prompt contribution, and I go on vacation. I hope you like their views.
I came back from my trip to find my e-mail inbox is full. For a new product or Web site, Bankrate.com an e-mail to stand out from all the press releases and in court. It said, according to a new poll Bankrate.com, a no emergency savings in four Americans.
Another 22% said their savings will only include three months of expenses, although most financial planners say that you need an emergency fund to pay for at least six months.
Bankrate.com financial security index survey results disturbing possibility is that they do not surprise me considering the economy is still weak, the unemployment rate at around 9%.
I would like to know how many of you have an emergency fund. Are you able to cover the cost of one month, three months, six months or more? If you have an emergency fund, how are you hiding its economic success in cash in this? Share your tips in the reader comments box below
Also here from Kipling some tips on how to spend less and save more, so you can build your emergency fund:
How much cash you really need
10 ways to trick yourself into saving
7 sneaky savings strategies generation Y
32 more ways to stop wasting your R money
Days to save $ 50
How to save electricity, and go to the gas station