Go to Top

Emergency

Create and Grow Your Emergency Fund Safety Net

By Mark Foster Emergencies are a fact of life. A lot of things in life aren’t planned – a flat tire, an emergency room visit, or a broken air-conditioner, for example. The question isn’t whether an emergency will pop up, but whether someone is prepared for it or not. Many people are not financially ready for an emergency. In fact, 39 percent of American adults have no savings to cope …Read More

Build Your Emergency Savings Cushion

By Mark Foster Although the Great Recession is over the economy still seems to be merely limping along. Thirty-nine percent of adults do not have any non-retirement savings, according to a survey by the NFCC. Saving is an essential goal to have. Emergencies are a fact of life. It’s not a question of “if” you will ever have an emergency, but “when.” So having money saved is a necessity. Fifty-nine …Read More

Why You Need a Social Media Will

 By Jason Alderman By most estimates, over half of adult Americans haven’t written a will stating how their assets should be distributed after death. Fewer still have bothered to appoint someone to make financial and health care decisions on their behalf should they become incapacitated. And now we can add another necessary, but probably overlooked legal document: a social media will. That’s right – in this age of email, password-protected …Read More

How to Save Money for a Rainy Day

By Lauralynn Schueckler Saving money for a rainy day may seem impossible at times. Everything around us seems to be increasing in price, yet pay remains stagnant. Everyone should attempt to put away money for an emergency, even if it is only a little at a time. Some easy ways to save money for a rainy day that will not require major changes to your budget include: • Throwing all …Read More

Why You Need Two Savings Accounts

By: Matt Bell You probably have a checking account, but do you also have a savings account? I recommend that you use two savings accounts. The first savings account is your emergency fund.  It’s for all of life’s ifs—if you lose your job or incur significant medical or house repair expenses that you weren’t planning for in your budget and that are not covered by insurance.  I used to believe …Read More

When an Emergency Fund Isn’t

I was reading Money magazine the other day and saw the results of a CNNMoney.com poll. It asked participants, “How much is in your emergency fund?” That 22% had less than three months of reserves and another 22% had none wasn’t the most disturbing part of the poll. What bothered me were the participant quotes. One, a nurse from Houston, said that while she had 6-months of living expenses saved …Read More