82. Build a savings account
Updated February 8, 2009
I finally have a savings account. I think that my success has a lot more to do with the fact that I’m no longer sharing finances with someone who is immature and irresponsible with money.
Did you know that ideally you should have – at all times – enough money in a savings account to cover your expenses for six months? Eight months is better, because then if you find yourself without a job, you don’t have to panic and end up taking the first thing that comes along. It makes sense. Even if you don’t have much of an income, you should be making an effort to put at least 10% of it away. It’s hard! I know. But knowing that I have that little bit of money put away (and trust me, it’s not much) really gives me peace of mind and makes me feel more comfortable about taking chances and making changes in my life. It’s a worthwhile investment.