What’s your “Bailout” plan?

Posted: under Money and Government.
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If you are like most of the people in the US, you don’t have one or you just plan to use a credit card right. I’ve heard that the financial guys out there have suggested that you have enough in your savings to cover 6 months of your expenses plus another $1000.00 or more for emergencies and enough to cover deductibles for your insurance (i.e. auto insurance, home, etc.). For me and my family that would be almost $20,000.00. We just don’t have that much money stashed away in a savings account.

I don’t think we would have that kind of money just sitting in a savings account anyway. Especially since we have merged our money to help us pay off our mortgage in 9 years. I may not be the most financially savvy mom out their but I do know that I have the best financial coach available right on my own computer. I can access it 24 hours a day 7 days a week and on holidays. Not only is it helping me keep track of my finances, it is helping me to plan for the future (i.e. college, another home, retirement, etc.).

So as it stands, I don’t need a bailout plan. I have my finances under control. Want to know how I did it? Go to www.eightstreamswealth.com.

Comments (0) Oct 20 2008