How to save up 3 months worth of salary for emergencies by chicachica

"In these days of a diving economy, this goal is absolutely essential. "

How I did it: I had a set amount automatically taken from each paycheck and put right in savings, before I even saw it. If you can afford to save 10%, then do that. If you can only do 5%, that's good, too.

Lessons & tips: Give up the lattes, the new DVDs, the fast food. One year from now, we could still be in a recession and you will be prepared.

Resources: Online banking allowed me to automatically transfer money every paycheck.


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Oct 07, 2008, 07:40AM PDT | 0 comments | 4 cheers


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chicachica has gotten 4 cheers on this entry.

 

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