Most of us should have at least three to six months of living expenses in a liquid, no-risk financial product, like a savings account at a bank or credit union. An easily accessible emergency fund provides a safety net to let us pay for large, unexpected expenses – like medical bills or car repairs – or to withstand a reduction in income or loss of a job. Even $500 set aside can make a difference in an emergency – and could keep you from needing to use credit cards or loans when life happens. Where to Keep Your Emergency Fund… more

Managing money can be overwhelming. But if you don’t tell your money where to go, it will disappear before you know it. That’s why creating a monthly budget is an important step in mastering your money. Regardless of your financial situation – or your stage in life – a monthly budget can help relieve stress and provide you with a sense of financial empowerment. The key is to remember that a budget isn’t about limiting yourself; it’s about building financial freedom.  Here’s a step-by-step guide to creating a budget that… more