You might not have a ton of money saved or invested. And reading what you should have or should be saving — say, saving 20 per cent each paycheck, or having your yearly salary saved by the time you’re 30 — can be overwhelming. So much so that you just might not start.
Tagged With emergency fund
It's a good idea to have some kind of financial buffer to help keep you in the black. The problem is, not everyone can afford it. If you're struggling to set aside money for things like an emergency fund, start small with a change jar.
Money experts don't agree on the particulars of emergency funds, but just about everyone agrees you should save for emergencies. Nobel Prize winner and "father of modern portfolio theory" Harry Markowitz offers his rule of thumb for setting aside cash for emergencies.