Wow, 50% of Americans say they do not have an emergency fund to cover a $2000 expense such as an unexpected bill for car repair, home repair, a medical emergency, or legal expenses. Of course no one can predict those bills, that's why a person has an emergency fund. Yet cars do break down, roofs leak, and neighbors can sue. Many who declare … [Read more...]
Infographic: Where Does the Money Go?
These stats are for the average household of 2.5 people with 1.3 wage earners. The pre-tax income is around 63,000. Obviously your situation will be different, but it's fun to see how we stack up to the "average." You might not spend anything on tobacco (yay!), and spend more on gas. You might not spend as much on entertainment, but more on books. … [Read more...]