What's the fourth rule of UnderEconomics? Create and stay under a savings umbrella. Add up all of your monthly expenses, and multiply the sum by three. The result is the amount you should have available in an FDIC insured checking/savings account. In an uncertain global economy, having a three month cushion provides not only very real protection, but also peace of mind.
Below are links to savings account options that have relatively high interest rates, courtesy of Microsoft's Bing API; might as well make a little money while saving it! |
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