facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

2 Min. Vid: It's Time to Start Your Emergency Fund

%POST_TITLE% Thumbnail

  • Financial upheaval can happen at any time.
  • Maybe you experience an unexpected layoff or a sudden illness that keeps you from work.
  • The best way to weather that type of financial stress is to have an emergency fund already in place.
  • The emergency fund rule of thumb is to set aside three to six months worth of living expenses in an easily accessible, liquid account.
  • If you already work from a budget, you'll have a good idea of what you need to save.
  • If not, now's the time to chart your income and expenses to use that information to set an emergency savings goal, and develop a plan and deadline to achieve it.
  • Some ways to achieve your goal are to save more aggressively and to trim discretionary spending on items like movie tickets, clothing, and dining out.
  • No one knows what the future holds and having an emergency fund will help you be prepared for some of what life throws your way.
  • For more information about saving for your financial goals, give us a call or stop by our website today.

Contact Us