Expenses Magazine Retirement 
Success
AUGUST 29, 2021
The general rule of thumb is to have three to six months of your living expenses set aside in a savings account for emergencies. Most conversations about investing tend to focus on retirement planning and thus a lot of attention is paid to 401(k) and IRA accounts. Have considerable cash on hand.
Entrepreneur.com
JUNE 13, 2025
Dont fund personal expenses from your business account. Build a business emergency fund Undoubtedly, unexpected expenses are not just a personal problem; they also affect businesses. What to do: Maintain an emergency fund for your business equal to three to six months operating expenses. Review your goals annually.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Success
FEBRUARY 2, 2022
But I can’t afford to retire yet, either. This can be effective, but it comes at a big expense and requires a fair amount of time to convert those leads into paying customers. This article originally appeared in the January/February 2022 Issue of SUCCESS magazine. Digital marketing has leveled the playing field.
Success
OCTOBER 31, 2022
It’s become more difficult in the past year, however, to know what your expenses will be each month—and that makes it all the more challenging to stick to a budget. Meanwhile, after a multi-decade period of low interest rates, it’s now more expensive to borrow money from lenders (such as credit card issuers).
Success
AUGUST 2, 2021
Continue to check in with yourself on the practical matters like how your brokerage and retirement accounts are progressing, but also remember to check in with how you’re feeling about the situation, and if anything keeps recurring for you. This work can take time, and although it can be frustrating and painful, it is ultimately worth it.
Success
MARCH 20, 2024
This method has worked for her for years and takes the stress out of large or unexpected expenses. Maybe you’re saving to start your own business or you want a house down payment, retirement fund, college fund, or you’re itching to get debt-free. This article originally appeared in the March/April 2024 issue of SUCCESS magazine.
Success
JULY 21, 2021
I know that might not sound like much for an emergency fund, but the purpose of this is just to give you a buffer for any unexpected expenses that come up while you’re paying off debt. This should be enough money to cover three to six months of basic living expenses you’d need if you were to lose your job or have another major life event.
Expert insights. Personalized for you.
296 
Let's personalize your content