frugal zeitgeist

How to Build a Cash Reserve Worth 3 – 6 Months of Salary

Posted by Forest.

When times are tough and money is tight, the last thing you might want to think about is building up a cash reserve. Sure, you have that change jar in the bedroom, the $50 government bond from your seventh birthday, and a couple bucks stashed in your underwear drawer, but other than that, you’re out of luck when it comes to financial emergency preparedness. Still, it’s hard to deny that thinking of having 3-6 months of your salary stashed away, just in case, wouldn’t give you a little piece of mind.

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