The sooner you start saving for your retirement, the more time your money has to grow.  The sooner you start stashing money away the better. According to the U.S. Department of Labor (DOL), fewer than half of Americans have calculated how much they need to save for retirement. The average American spends 20 years in […]

According to a Bankrate.com report, 28 percent of Americans have more credit card debt than savings.  Even more staggering, 17 percent have neither an emergency savings account nor credit card debt. The overall personal savings rate for Americans has fallen as their spending has increased. According to the U.S. Department of Commerce, the U.S. personal […]

Unless you are independently wealthy, you need an emergency fund.  An emergency fund reduces your vulnerability to sudden life changing events.  Stashing away money to offset a job loss, unforeseen major home or auto repairs or medical complications just makes good sense. A job loss or any major expense could force you to use your […]