The Best Financial Advice I Have Ever Heard

Liz Pulliam Weston at MSN has updated her article on $500 in the bank.  It is the reason that I read MSN Money.  So many people that are trying to build an emergency fund are intimidated by the traditional advice – to save six months of expenses for emergencies.  The idea of putting away so much is daunting, so we don’t bother to try.  The better idea is to start by squirreling away $500.  $500 will cover most of the unexpected expenses that derail our savings plans.  Car repairs,  A/C breaks down, the sweet potato that killed the garbage disposal…

Seriously, if you have been having trouble building your savings, please read this.

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