October 12th, 2020
| Web site: | http://www.bankrate.com/banking/savings/how-much-do-you-need-in-savings-retirement-emergency-fund/ |
October 12 may be the official day set aside to remind people about saving money, but savings should be part of a person's budget and financial wellness plan all year long. Most financial experts advise having a cash reserve of at least six months in the bank to handle emergencies, such as a loss of a job or illness.
Source: www.usatoday.com/story/money/personalfinance/2017/10/11/national-savings-day-oct-12-but-learn-ways-save-all-year/752525001/
National Savings Day is the ideal tie-in for financial planners, banks and other financial institutions. Create a financial wellness checklist sponsored by area businesses to remind people to save and take other steps to safeguard their finances.
