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When I tell people that I try to keep a good chunk of savings in United States Treasury Bills, they usually look at me cross-eyed. Then they hit me with tough questions like “What the heck is a Treasury Bill?” or “You got something against savings accounts?”
Well, in fact, I do have a […]

Unless working on paying down high interest debt, you should strive to have about three to six months of living expenses saved in an “emergency fund.” The purpose of an emergency fund is to avoid turning to credit cards to pay for speed bumps and potholes in your finances.
Where you keep this emergency […]

Financial experts recommend keeping about three to six months, even up to 12 months, of living expenses in a risk-free savings or money market account.  The purpose of this “rainy day fund” is to help you survive a financial catastrophe such as losing your job, needing unexpected roof replacement, or large medical bills.  The […]

Are you the type of person that has trouble living within a budget? Do you find yourself constantly making impulse purchases? Here’s a technique that has kept me from overspending.

An emergency fund is a short-term cash reserve for rainy days. We recommend that you have at least three to six months of living expenses socked away in a savings account to get you through financial misfortunes.