Comments on: Why Have an Emergency Fund? http://bankingadvice.com/why-have-an-emergency-fund/ Your Source for Banking Advice Tue, 20 Jul 2010 22:30:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tips to Reduce Your Debt | Borrowing Advice | BorrowingAdvice.com http://bankingadvice.com/why-have-an-emergency-fund/comment-page-1/#comment-381 Tips to Reduce Your Debt | Borrowing Advice | BorrowingAdvice.com Fri, 23 Apr 2010 14:36:41 +0000 http://bankingadvice.com/?p=220#comment-381 [...] a savings account – We all need money for incidentals. An emergency fund gives you that cushion you need. Divide the money you save on bills between credit cards and [...] [...] a savings account – We all need money for incidentals. An emergency fund gives you that cushion you need. Divide the money you save on bills between credit cards and [...]

]]> By: Jim A. Talley http://bankingadvice.com/why-have-an-emergency-fund/comment-page-1/#comment-218 Jim A. Talley Fri, 20 Nov 2009 17:49:25 +0000 http://bankingadvice.com/?p=220#comment-218 Looking to save on your upcoming auto insurance renewal. Try <a href="http://hasslefreeinsurancequote.com" rel="nofollow">hasslefreeinsurance.net</a> for multiple auto insurance quotes before you commit to an auto insurance policy. It could save you 30% on your suto policy. Looking to save on your upcoming auto insurance renewal. Try hasslefreeinsurance.net for multiple auto insurance quotes before you commit to an auto insurance policy. It could save you 30% on your suto policy.

]]> By: admin http://bankingadvice.com/why-have-an-emergency-fund/comment-page-1/#comment-75 admin Tue, 28 Apr 2009 00:43:07 +0000 http://bankingadvice.com/?p=220#comment-75 Miguel - thanks for your thoughtful comment. Many of the calculators that are available underestimate the amount of funds you need to have set aside for an emergency fund, especially these days with the uncertain economic times. Frankly I would suggest you keep up to a year in very liquid funds set aside for emergency purposes. See my article here: http://bankingadvice.com/2009/03/27/your-emergency-fund/ Miguel – thanks for your thoughtful comment. Many of the calculators that are available underestimate the amount of funds you need to have set aside for an emergency fund, especially these days with the uncertain economic times. Frankly I would suggest you keep up to a year in very liquid funds set aside for emergency purposes. See my article here: http://bankingadvice.com/2009/03/27/your-emergency-fund/

]]> By: Miguel http://bankingadvice.com/why-have-an-emergency-fund/comment-page-1/#comment-74 Miguel Mon, 27 Apr 2009 20:57:29 +0000 http://bankingadvice.com/?p=220#comment-74 There are many reasons to have a emergency fund, and you highlight some of the big reasons. Bottom line, having an emergency fund protects your financial interests. As a representative from State Farm, we encourage our policy holders to consider having an emergency fund. In general, many economic experts recommend 3 months, but with more people looking for work, many are now suggesting 6 months worth savings if not more. There are a couple of financial calculators available online that help as well. Yahoo has one available at the following link: http://finance.yahoo.com/calculator/banking-budgeting/bud-03. I have also seen the following downloaded worksheet referenced by various bloggers: http://www.moneyunder30.com/emergency-fund-calculator-spreadsheet-now-available. We also recommend factoring in premiums and potential insurance deductibles from any and all providers - health, auto, home and life - into their emergency fund. In the event of a claim, specific amounts to cover insurance costs should be included into the amount that is set aside. You never know when an emergency will arise. What tools do you recommend when developing an emergency fund? There are many reasons to have a emergency fund, and you highlight some of the big reasons. Bottom line, having an emergency fund protects your financial interests. As a representative from State Farm, we encourage our policy holders to consider having an emergency fund.

In general, many economic experts recommend 3 months, but with more people looking for work, many are now suggesting 6 months worth savings if not more. There are a couple of financial calculators available online that help as well. Yahoo has one available at the following link: http://finance.yahoo.com/calculator/banking-budgeting/bud-03. I have also seen the following downloaded worksheet referenced by various bloggers: http://www.moneyunder30.com/emergency-fund-calculator-spreadsheet-now-available.

We also recommend factoring in premiums and potential insurance deductibles from any and all providers – health, auto, home and life – into their emergency fund. In the event of a claim, specific amounts to cover insurance costs should be included into the amount that is set aside. You never know when an emergency will arise.

What tools do you recommend when developing an emergency fund?

]]> By: Posts about Finances as of April 27, 2009 | Learned Capital http://bankingadvice.com/why-have-an-emergency-fund/comment-page-1/#comment-73 Posts about Finances as of April 27, 2009 | Learned Capital Mon, 27 Apr 2009 17:42:52 +0000 http://bankingadvice.com/?p=220#comment-73 [...] automobile manufacturers, the monetary critical purpose it looks like very far away from them Why Have an Emergency Fund? - bankingadvice.com 04/27/2009 Many people pride themselves on having a good handle on their [...] [...] automobile manufacturers, the monetary critical purpose it looks like very far away from them Why Have an Emergency Fund? – bankingadvice.com 04/27/2009 Many people pride themselves on having a good handle on their [...]

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