Monday, October 29, 2007

Money Talks 10% To Savings

Putting away 10% of your income is vital. Savings are not the best investment but it is always nice to know you have the extra money stored in case of a rainy day. Money Talks is not a huge fan of savings but 10% will not hurt you, it will only help. Use this money as an emergency fund and use it as an emergency fund.

Many people use their emergency fund as a spending account. Do not do this it is dumb. An emergency is something vital and important. Not spending the money on shows or a brand new TV screen. The 10% will begin to add up and you will have peace of mind knowing you have a safety cushion just in case anything happens. This is managing your money correctly and watch how your money talks after doing this.

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