Documenting the Coming Singularity

Friday, February 16, 2007

Are Your Emergency Funds Up to Snuff? Free Excel Calculator!

We all know that we should set aside money for a rainy day. Whether the rainy day comes as a result of illness, a layoff, or even a decision to change careers, it pays to have enough money in the rainy day jar. If you have a good idea how much you need to have salted away, you can start putting aside a set amount that will hopefully make a pile big enough to see you through if and when the emergency arrives. First, this fund should be as liquid as possible so you can get at it if you ever need it. We're talking about an interest bearing savings account or some similar product. Second, you need to figure out how much to set aside. That's where my free Excel emergency fund calculator comes in. Click here to download it gratis. If you like it, tell your friends to come here and get a copy for themselves.