• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

More Than Half Of Americans Are Just $500 Away From Financial Disaster

March 16, 2016 Leave a Comment

According to a study by Bankrate.com, more than half of Americans cannot financially handle a bill of $500 or more. The people in the report include 28% with $0 balance, 21% with no saving account and 9% with just the minimum balance requirement. “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” said personal finance expert Cameron Huddleston. “It suggests that they likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends, and family, or even their retirement accounts to cover unexpected expenses.” In fact, 63 percent said they would be unable to handle an unexpected expense. If you have less than $1,000 in saving it’s time to apply 29 easy ways to build emergency fund. As a general advice, you should tuck away a few months of expenses in case you happen to lose your job or if something unexpected comes up. (gobankingrates.com)

Related

Leave a Comment Cancel reply

Must Read

  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Cash Out Pension Plan Early
  • How to Refinance a Paid Off Car
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • The Best Day of the Week to Buy Mutual Funds
  • Can HOAs Increase Property Values?
  • Amazon Cash: Now You Can Pay With Cash on Amazon
  • Are We Trading Our Happiness for Modern Comforts?
  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • Peter Adeney, the Man behind Mr. Money Mustache, Earns $400,000 a Year on His Blog

Recent Posts

  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Survey: 7 In 10 Americans Living Paycheck To Paycheck
  • Fed May Issue Digital Currency
  • Best Pen for Your Money

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2022 · Personal Finance News