#Save4TheUnexpected – Day Two

Day Two of America Saves Week has us preparing for something that we should all actually expect: To have an “unexpected” financial emergency.

Today, for Save for the Unexpected Day of America Saves Week, we’ll check in with ourselves to ensure that we are building an emergency fund.

Yesterday we mentioned that saving is a habit, not a destination. The best place to put that into practice is when you are building an emergency fund.

Read: 38 Reasons To Have At Least A $500 Emergency Fund

For decades financial gurus have told us that we need to have 3 to 6 months of expenses saved to be financially secure.

While the more you can have socked away for a rainy day, the better, for most Americans, saving that amount is overwhelming and scary.

But, when you focus on building your HABIT of saving and start with a small goal of just $500, that seems much more attainable. Then, once you achieve that milestone, you can confidently keep going!

Before you know it, saving has become a lifestyle. You’re saving automatically and building your rainy day fund!

SAVE FOR THE UNEXPECTED VIDEO 

If you haven’t, we encourage you to take the America Saves Pledge. Not only will you have a new savings plan, and receive support, reminders, and tips from America Saves, you’re halfway to being eligible to be entered to win one of our TWO $500 cash prizes in the #ImSavingFor Sweepstakes!

 

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Ingram Market Analytics

Ingram Market Analytics, in Pittsburgh, was established by John Ingram, who has 25 years of experience in institutional research. I practice action analytics. I can turn drowsy data into an active advocate to support and champion your ideas. Get results that you can use immediately for greater productivity.

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