• Rita Kuehnis

Day3 of America Saves Week 2018: Save for rainy days

Updated: Jun 10, 2020

A rainy day fund consists of a small amount of money, at least 500$, in a savings account separate from your checking that you do not have easy access to. Saving for this fund starts with small, regularly scheduled contributions that build up over time.

Nearly a quarter of savers who take the America Saves pledge chose “emergency savings” as their first wealth-building goal. And they have the right idea. Research shows that low-income families with at least $500 in an emergency fund were better off financially than moderate-income families with less than this amount. Yet most Americans don’t have enough savings to cover an unexpected emergency.

Read more about Saving for Emergencies.

SDS Smart Daily Services Logo

SDS Smart Daily Services LLC

 Copyright  © 2021 SDS Smart Daily Services, LLC | Portland,  OR | All rights Reserved | Privacy Policy