Thursday, February 21, 2013

Week 1 of FPU Savings

This class discussed the necessity of savings. The first step in Financial Freedom is to plan for the unexpected by saving $1,000 in an emergency fund. You should do this as quickly as possible, even if that means selling unused items to achieve this goal. My son and I had a garage sell in September, so I already have this step completed. I have this in a high yield account at Barclay's Bank. It was the best interest rate I could find at 0.99%, they advertise 1% interest, but when I got my statement it showed 0.99%! Good Luck all with getting your Baby Emergency Fund completed quickly.

Just for today do not debt!