Piggy banks aren’t just for kids

Piggy banks aren’t just for kids

Piggy banks aren’t just for kids

Most of us remember having a piggy bank as a child. Or maybe you’ve recently bought a piggy bank for a special child in your life.  There are plenty we adults can learn from piggy banks, especially when it comes to creating an emergency fund.  Sometimes the terms, emergency fund or savings may seem so “adult” or unadventurous. But piggy banks are cute and fun – so, perhaps adding a playful attitude toward your emergency fund will help you get started.

Next, a piggy bank teaches us to store our savings in a separate location and in a safe place.  A piggy bank also teaches us that it takes more energy to take out the money than it does to drop it in. Like a piggy bank, experts recommend an emergency fund should be placed in a separate account like a savings or money market account where you feel it’s safe and not easy to get to but, easy to add to. But why is an emergency fund important for adults and how much should you stash away? An emergency fund is a fund of money set aside for unexpected events like a job loss, unforeseen medical expenses, unexpected necessary travel and home or automobile repairs. Having this fund provides peace of mind, can relieve your stress if you do have a financial emergency and keep you from going into debt and financial strife.  Many experts suggest your goal be to set aside 6 to 12 months of monthly expenses in case of these emergencies. And many people have found starting with $1000, and building from there, to be a good start. The Dave Ramsey site has an interesting take on how to get started with creating an emergency fund. Banks, financial planners or 401K advisors often have good tips so be sure to inquire with them as well.

Piggy banks aren’t just for kids

Most of us remember having a piggy bank as a child. Or maybe you’ve recently bought a piggy bank for a special child in your life.  There are plenty we adults can learn from piggy banks, especially when it comes to creating an emergency fund.  Sometimes the terms, emergency fund or savings may seem so “adult” or unadventurous. But piggy banks are cute and fun – so, perhaps adding a playful attitude toward your emergency fund will help you get started.

Next, a piggy bank teaches us to store our savings in a separate location and in a safe place.  A piggy bank also teaches us that it takes more energy to take out the money than it does to drop it in. Like a piggy bank, experts recommend an emergency fund should be placed in a separate account like a savings or money market account where you feel it’s safe and not easy to get to but, easy to add to. But why is an emergency fund important for adults and how much should you stash away? An emergency fund is a fund of money set aside for unexpected events like a job loss, unforeseen medical expenses, unexpected necessary travel and home or automobile repairs. Having this fund provides peace of mind, can relieve your stress if you do have a financial emergency and keep you from going into debt and financial strife.  Many experts suggest your goal be to set aside 6 to 12 months of monthly expenses in case of these emergencies. And many people have found starting with $1000, and building from there, to be a good start. The Dave Ramsey site has an interesting take on how to get started with creating an emergency fund. Banks, financial planners or 401K advisors often have good tips so be sure to inquire with them as well.

Piggy banks aren’t just for kids

Piggy banks aren’t just for kids

Piggy banks aren’t just for kids

Most of us remember having a piggy bank as a child. Or maybe you’ve recently bought a piggy bank for a special child in your life.  There are plenty we adults can learn from piggy banks, especially when it comes to creating an emergency fund.  Sometimes the terms, emergency fund or savings may seem so “adult” or unadventurous. But piggy banks are cute and fun – so, perhaps adding a playful attitude toward your emergency fund will help you get started.

Next, a piggy bank teaches us to store our savings in a separate location and in a safe place.  A piggy bank also teaches us that it takes more energy to take out the money than it does to drop it in. Like a piggy bank, experts recommend an emergency fund should be placed in a separate account like a savings or money market account where you feel it’s safe and not easy to get to but, easy to add to. But why is an emergency fund important for adults and how much should you stash away? An emergency fund is a fund of money set aside for unexpected events like a job loss, unforeseen medical expenses, unexpected necessary travel and home or automobile repairs. Having this fund provides peace of mind, can relieve your stress if you do have a financial emergency and keep you from going into debt and financial strife.  Many experts suggest your goal be to set aside 6 to 12 months of monthly expenses in case of these emergencies. And many people have found starting with $1000, and building from there, to be a good start. The Dave Ramsey site has an interesting take on how to get started with creating an emergency fund. Banks, financial planners or 401K advisors often have good tips so be sure to inquire with them as well.

Piggy banks aren’t just for kids

Most of us remember having a piggy bank as a child. Or maybe you’ve recently bought a piggy bank for a special child in your life.  There are plenty we adults can learn from piggy banks, especially when it comes to creating an emergency fund.  Sometimes the terms, emergency fund or savings may seem so “adult” or unadventurous. But piggy banks are cute and fun – so, perhaps adding a playful attitude toward your emergency fund will help you get started.

Next, a piggy bank teaches us to store our savings in a separate location and in a safe place.  A piggy bank also teaches us that it takes more energy to take out the money than it does to drop it in. Like a piggy bank, experts recommend an emergency fund should be placed in a separate account like a savings or money market account where you feel it’s safe and not easy to get to but, easy to add to. But why is an emergency fund important for adults and how much should you stash away? An emergency fund is a fund of money set aside for unexpected events like a job loss, unforeseen medical expenses, unexpected necessary travel and home or automobile repairs. Having this fund provides peace of mind, can relieve your stress if you do have a financial emergency and keep you from going into debt and financial strife.  Many experts suggest your goal be to set aside 6 to 12 months of monthly expenses in case of these emergencies. And many people have found starting with $1000, and building from there, to be a good start. The Dave Ramsey site has an interesting take on how to get started with creating an emergency fund. Banks, financial planners or 401K advisors often have good tips so be sure to inquire with them as well.