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Finance Tip of the Day

How Liquid are You?

  • 2016 1 Jul
  • COMMENTS
How Liquid are You?

mvelopes

How Liquid are You?

No, we’re not talking about your daily water intake, although it’s very important! We’re talking about your current financial position and your ability to easily and quickly access funds (cash) in order to cover your monthly expenses for a period of 3-6 months.

A recent study shows that nearly 50% of Americans live in “liquid asset poverty.” What this means is that, if something were to happen that required a large sum of quick cash, half of us would have to depend on debt in order to cover those unforeseen expenses. How about you?

Today's tip brought to you by Mvelopes and Money4Life Coaching.


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