Personal Budget Training: Shakin' All Over

Saturday, May 31, 2008

Shakin' All Over

I bet a majority of the folks in China were not expecting an earthquake, especially this couple on their wedding day.

An emergency fund is for those unexpected events that are not regularly planned for happening in life such as, you lose your job, there is an unexpected pregnancy, the car's transmission goes out, or an earthquake at your wedding. Money magazine says that 78% of us will have a major negative event happen in any given 10-year period of time. So get your rainy-day fund together.

You eventually want to have 3-6 months worth of living expenses.

Labels: emergency fund