Finance: How to Save in Tough Times

Is it really important to have 3-6 months of personal cash in reserve for emergencies?

With an uncertain economy and rampant job losses as international competition increases, it has never been more important to have money set aside for an emergency such as a job loss or an unexpected, expensive illness. 

Americans are very bad savers and this is the reason that so many families are in financial extremis.

Now, with the prices of everything UP, it’s not easy to put a few dollars aside every month for a rainy day. But, I’ll bet you can find money to save if you’re willing to make the effort. (more…)

1 Comment July 11, 2008