Tagged Questions

4
votes
3answers
68 views

What percent of salary should go towards retirement vs. emergency savings?

What percent of salary should go towards retirement vs. emergency savings? Should some be set aside each and every pay for emergencies?
6
votes
6answers
124 views

Where can I park my rainy-day / emergency fund? Savings accounts don’t generate much interest.

Savings accounts don't seem to generate much interest. What other options do I have for my emergency fund?
4
votes
3answers
29 views

Homeowners: How can you protect yourself from a financial worst-case scenario?

Say your a home-owner, a first time buyer. You've just got your first flat and your about 1 year into your 25 year mortgage. Suddenly, something goes wrong with your job, and your …
3
votes
2answers
192 views

As a general rule, how much in “liquid” emergency savings should I have?

I'm buying my very first home next week, and should be receiving the $8,000 first-time home buyers tax credit. A majority of my savings are going to the down-payment of the house, …
7
votes
4answers
70 views

How many months' worth of living expenses is considered an adequate “Rainy Day” fund?

I know I should have one, but I don't know how to start and how much I should have.