Comments on: 9 Tips for Building an Emergency Fund http://theadventurouswriter.com/blog/quipstipsachievinggoals/home/9-tips-for-building-an-emergency-fund/ Where inspirational quotations meet practical life tips, and live happily ever after. Fri, 19 Mar 2010 00:11:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: LauriePK http://theadventurouswriter.com/blog/quipstipsachievinggoals/home/9-tips-for-building-an-emergency-fund/comment-page-1/#comment-4013 LauriePK Thu, 07 May 2009 12:15:35 +0000 http://theadventurouswriter.com/blog/?p=948#comment-4013 You probably wouldn't miss a dollar a day, and yet it adds up fast. This is a great idea for creating an emergency fund of money -- thanks, Tamara! If you can find a savings or money market account that pays a little interest, you'll benefit from that, too. Though these days it seems like it's not worth putting money in the bank, since the interest rates are so low. Also -- Suze Orman says to put aside an emergency fund of six months' salary if you can. Most people who get laid off or fired think they'll find a job right away, but it often takes months. Six months' salary is alot of money -- I know we don't have it lying around! You probably wouldn’t miss a dollar a day, and yet it adds up fast. This is a great idea for creating an emergency fund of money — thanks, Tamara!

If you can find a savings or money market account that pays a little interest, you’ll benefit from that, too. Though these days it seems like it’s not worth putting money in the bank, since the interest rates are so low.

Also — Suze Orman says to put aside an emergency fund of six months’ salary if you can. Most people who get laid off or fired think they’ll find a job right away, but it often takes months. Six months’ salary is alot of money — I know we don’t have it lying around!

]]> By: Tamara http://theadventurouswriter.com/blog/quipstipsachievinggoals/home/9-tips-for-building-an-emergency-fund/comment-page-1/#comment-4001 Tamara Wed, 06 May 2009 20:52:01 +0000 http://theadventurouswriter.com/blog/?p=948#comment-4001 Every Sunday I put 7 dollars (one dollar per day) into an envelope. It is money you will not "miss," and it can be saved for the entire year -or put towards a vacation, etc. If I do use part or all of the money, I try to pay myself back as quickly as possible. Every Sunday I put 7 dollars (one dollar per day) into an envelope. It is money you will not “miss,” and it can be saved for the entire year -or put towards a vacation, etc. If I do use part or all of the money, I try to pay myself back as quickly as possible.

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