You've probably heard that you should have at least six months' living expenses on hand. But how can you save for a rainy day when it's already drizzling, you say? If you're fully employed and you've been living paycheck-to-paycheck, you might not be looking for savings everywhere you can. Dayana Yochim, consumer finance expert at The Motley Fool, recommended six ways to begin starting that emergency fund today, no matter what your salary.
Friday, November 21, 2008
[CW:MONTHLY] 6 Ways to Save for an Unexpected Job Loss
Coinciding with the tightening job market is a gloomy statistic: Few American workers are saving for potential layoffs.
You've probably heard that you should have at least six months' living expenses on hand. But how can you save for a rainy day when it's already drizzling, you say? If you're fully employed and you've been living paycheck-to-paycheck, you might not be looking for savings everywhere you can. Dayana Yochim, consumer finance expert at The Motley Fool, recommended six ways to begin starting that emergency fund today, no matter what your salary.
You've probably heard that you should have at least six months' living expenses on hand. But how can you save for a rainy day when it's already drizzling, you say? If you're fully employed and you've been living paycheck-to-paycheck, you might not be looking for savings everywhere you can. Dayana Yochim, consumer finance expert at The Motley Fool, recommended six ways to begin starting that emergency fund today, no matter what your salary.