Is saving money one of your new year's resolutions? Holiday spending and end-of-year expenses can throw anyone's finances into a tail spin. That's why saving more and spending less not only feels good but is top of mind come January. According to JPMorgan, typical middle-income households need $4,800 in liquid savings for an emergency fund in case they experience a financial shock, like losing their job or health issues. But most Americans fall short.
Is saving money one of your new year's resolutions? Holiday spending and end-of-year expenses can throw anyone's finances into a tail spin. That's why saving more and spending less not only feels good but is top of mind come January. According to JPMorgan, typical middle-income households need $4,800 in liquid savings for an emergency fund in case they experience a financial shock, like losing their job or health issues. But most Americans fall short.
Posted at 12:11 PM, Jan 23, 2018
and last updated 2018-01-23 12:11:04-05
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