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Keep at Lease Three Month's Worth of Living Expenses in a Savings Account or High-Yield Money Market Account

Keep at Lease Three Month's Worth of Living Expenses in a Savings Account or High-Yield Money Market Account - Because we need to rely on our emergency funds during time of crisis, you should try to keep at least three-month's worth of living expenses in a savings account or high yield money market account. Although, this sounds impossible, it isn't if you plan carefully and don't over spend forcing yourself into a borrowing market with interest to pay back. Living within your means is with the understanding that there will always be situations that arise and as responsible people, we should be prepared, and start planning now to put your emergency money aside.

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