Professor Pig

Saving for a Rainy Day

While you hope you’ll never need it, savvy savers know there will be a time when they need to fund unexpected bills.

Emergency funds provide a three- to six-month cushion for living expenses during hard-to-anticipate events, like job loss or divorce. A rainy-day fund, by contrast, is a few thousand dollars earmarked for unforeseen bills or home repairs.

Vacationing Like a Savvy Saver

Spring break is right around the corner. You may be ready for some time away but concerned about the budget. Not to worry: there are many ways to create an affordable getaway while staying on track with your savings goals.