How Much Is In Your Emergency Savings Fund?
Life happens and then you’re hit with an unexpected expense that can leave you thinking “I really wish I saw that one coming.” Many people today are living paycheck to paycheck, but what happens when your car breaks down, your HVAC unit malfunctions, or you experience paying for unforeseen health care costs? Shocking studies reveal only 40% of Americans could pay an unexpected $1,000 expense.1 A general advice for everyone–have an emergency fund in place and expect the unexpected. But the question is: how much is enough? Financial experts suggest saving three to six months’ worth of living expenses.2 […]
