Posts Tagged‘saving’

How Much Should My Emergency Fund Be and When to Use It

Finance specialists are of the opinion that you should have at least three to nine months’ worth of your monthly living expenses in an emergency fund. Well, new schools of thought have emerged and ruled that out, claiming that such funds are either excessive or insufficient to cater to the expenses that one would have to incur in emergency cases. So, how much should your emergency fund be and when should you use it? Use Online Calculators Just like it would be unwise to trade forex online without the use of tools like CMC markets, you need to use online calculators…

How to Stay Afloat While you’re working on Your Passive Income

If you are dreaming about the day when you can enjoy maintaining your current lifestyle without having to head into work on a daily basis, you are not alone. There are many forms of passive income that you can use to enjoy this type of easy lifestyle, such as real estate rental income, dividends and more. Passive income essentially means that you are not actively working on a daily basis to generate the income. However, in order to take advantage of this type of income, you typically need to invest regularly in them until you have built up enough income…