Tag Archives: Emergency

How Much Money Should I Keep In Savings For Six Months Of Emergency Funds To Live In Nyc?

By Increase Savings | Published: October 6, 2009

Step1: Do a budget. You have to know how much you will make and determine what housing you can afford. After that, calculate 6 months of rent, utilities, food, transportation. Then add 25% to that figure because you forgot about or did not know about something.

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What Is The Best Way For A Low Income Individual To Create Savings For An Emergency?

By Increase Savings | Published: May 22, 2009

I work full time and make very little income. I also attend school full time. What is the best way for me to acquire savings for an emergency when I live from paycheck to paycheck?

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  • Thinking of investing your savings?


    While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.

    Where to start?

    If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.