Tuesday March 18, 2008: The IRS is Sending Money: An Emergency Fund

[0:19] ..." is to earmark for an emergency funds and I like equality cash stash. This is a savings she set aside for an emergency Gramm had a right when she stash those extra savings in the -- bikinis Schindler. You know and it's just that it's an emergency fund of for emergencies of biblical proportions I mean. You know all the time when it rained so hard and creeks and rivers rise the basement floods he got to get pumped out in the insurance doesn't -- it. Could be the clutch goes in the car could be velocity job you know more more people are being laid off or an illness that keeps you ought to work so something that's unexpected but that's that's expensive. And that's how you plan for the unexpected he put away some dollars in emergency fund non being -- planning and I'd like everyone to have cash stash but. People say well I can't afford cash stash if she can. It's simple savings he figure out what's your monthly expenses not. What you want to spend what's the bare bones the mortgage of the rent the utilities that gas not restaurants out not shopping. -- necessities. You want to put away two to three months of living expenses that's the very minimal and -- give children to steady incomes mean if you want to put away a little bit more three to six months. Children with one steady income you know we're going to stay at home spouse you want for at least the very least four months of living expenses children -- steady income. You may need six to nine months and then. Who has no steady income lots of people. People may be self employed people may work on commissions. But the real owners preying on the market is down they're not making any money can look to buy gas and buy groceries for their family -- so they should've had six to nine months of living expenses set aside so this rebate and or refund could really at a lot as that get your head really quickly it it -- Nancy can beefed up that cash stash. Now you don't want to use this as a vacation finder christmas club the -- auto -- need to pay the mortgage on T want to put in a safe place out of reach. Which need not and you checking account yeah you know you can use a money market account a savings account even E Bonser I bonds are short term bond fund are good places to catch the stash. But the key is is that you can't again and -- it's an emergency excellent advice and will have more from do"...

[0:14]" I do Anthony M machines -- put away for a rainy day fund. A good use of this windfall is to earmark for an emergency funds and I like equality cash stash. This is a savings she set aside for an emergency Gramm had a right when she stash those extra savings in the -- bikinis Schindler. You know and it's just that it's an emergency fund of for emergencies of biblical proportions I mean. You know all the time when it rained so hard and creeks and rivers rise the basement floods he got to get pumped out in the insurance doesn't -- it. Could be the clutch goes in the car could be velocity job you know more more people are being laid off or an illness that keeps you ought to work so something that's unexpected but that's that's expensive. And that's how you plan for the unexpected he put away some dollars in emergency fund non being -- planning and I'd like everyone to have cash stash but. People say well I can't afford cash stash if she can. It's simple savings he figure out what's your monthly expenses not. What you want to spend what's the bare bones the mortgage of the rent the utilities that gas not restaurants out not shopping. -- necessities. You want to put away two to three months of living expenses that's the very minimal and -- give children to steady incomes mean if you want to put away a little bit more three to six months. Children with one steady income you know we're going to stay at home spouse you want for at least the very least four months of living expenses children -- steady income. You may need six to nine months and then. Who has no steady income lots of people. People may be self employed people may work on commissions. But the real owners preying on the market is down they're not making any money can look to buy gas and buy groceries for their family -- so they should've had six to nine months of living expenses set aside so this rebate and or refund could really at a lot as that get your head really quickly it it -- Nancy can beefed up that cash stash. Now you don't want to use this as a vacation finder christmas club the -- auto -- need to pay the mortgage on T want to put in a safe place out of reach. Which need not and you checking account yeah you know you can use a money market account a savings account even E Bonser I bonds are short term bond fund are good places to catch the stash. But the key is is that you can't again and -- it's an emergency excellent advice and will have more from do you leave tomorrow here on W because -- news radio 1030"