My blog has moved! Redirecting…

You should be automatically redirected. If not, visit and update your bookmarks.

Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Friday, July 21, 2006

Emergency Fund

All people and families need to have an emergency fund even if you think you don't. After you have paid your debt off you need to start an emergency fund in case something happens and you are unable to work for several months. You should not even think of saving for a house until you have at least 6 months worth of living expenses saving in an emergency fund.

Start putting that money in either a high-interest savings account like ING or HSBC. Another good way to put money away for a rainy day is to put it in a money market. Banks and mutual funds both have money market accounts so try to compare what interest rates are available.


Post a Comment

<< Home