Debt, in and of itself, is not necessarily a bad thing. In fact, over 80% of Americans are “in debt”. More astute readers, of course, will point out that surely a lot of this debt is good debt, providing access to assets like education or houses. Even some more questionable debt such as credit card […]
Personal finance experts frequently tout the advantages of having a six month emergency fund, if not a more conservative twelve month fund. There are many reasons that a citizen would need to dip into their emergency savings: family illness, death, severe medical expenses, unplanned pregnancy or job loss to name a few. Many reports however, indicate that many (>25% or >50% depending on your definition) Americans still are not prepared for a downturn scenario.