February 9, 2012
Practicing the Art of Saving
Learn How to Start a Savings Program
Today many people are facing economic hardships, not because they are living beyond their means, but rather because they never learned how to save for a rainy day. A good rule of thumb for businesses is to have enough of a financial cushion to sustain a company for six months to one year. This protects the business against cash flow problems caused by situations beyond their control such as economy down turns, disasters and even personal tragedies. If you do not have this financial cushion protecting your personal finances, then it is a good time to start building your nest egg.