4th Feb 2010 by Daniel Cross, ChFC
The amount of money a person should save differs, but 10% is a good rule of thumb to start with. In addition to retirement savings and investments, a seperate savings account should be set up for emergencies. This account should have between 3 months to a years worth of liquid assets depending on the type of job the individual has. For example, a corporate job with a steady salary may only need 3 months funding whereas a sales position requires more.
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