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How to save extra cash to deal with economic uncertainty
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If you are married and both you and your spouse make good salaries, maybe saving three months of expenses is sufficient.
PHOTO: UNSPLASH
Ann Carrns
You have no control over the volatility in financial markets or the economic tumult caused by President Donald Trump’s tariff policies. But you can prepare for financial potholes by bolstering your rainy-day fund.
“Emergency savings is one of the single best predictors of a person’s financial well-being,” said Mr Stephen Roll, co-director of research and policy innovation at the Centre for Social Development at Washington University in St Louis, where he studies economic security.
