3-6 month savings
July 10, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M The virus epidemic has brought new fears to most. Nearly one-third of Americans are concerned about losing life’s savings (33%) and losing employment (30%) due to COVID-19, according to a recent survey
V About half of Americans (49%) said COVID-19 made them realize that they need help managing their finances and investments to succeed in the future. These fears affect us emotionally, our outlook on the future, even our physical wellness. We recognize our lack of control and that we have blind spots in our planning, including our finances.
M We cannot repeat this truth too often. Each person and family needs a 3-6 month savings cushion for the unexpected. Start today. Start small. Be persistent.