2006-06-14 02:22:41 · 12 answers · asked by Quiet V 1 in Business & Finance ➔ Personal Finance
I do. Every year, I deposit my income tax refund. I have savings and a cd account. This tax year, I'm opening my mutual fund account.
2006-06-14 02:26:25 · answer #1 · answered by Stacy R 6 · 0⤊ 0⤋
I save for a rainy day. It's far better than saving for Hard Times!
I heard once that someone was going around introducing himself as Hard Times and some people were saying "wait, I have something saved for you!".
male, 45, Louisiana
http://www.geocities.com/swm_seeks_sf
2006-06-14 09:32:38 · answer #2 · answered by swm_seeks_sf 3 · 0⤊ 0⤋
As a direct answer to your question, I would say not very many because it has been said that poor financial health is the plague of the 21st century because not one of us were ever taught in school how to effectively manage our money, or our time causing snowballing debt, bankruptcies, business failures, divorces in record numbers and destroyed retirement dreams for millions of people.
To me that is a very "rainy" picture and a very real view of our society at large today not even to mention the fact that the traditional approach to retirement planning is fatally flawed. The old work, save and invest for 40 years approach has never worked well for the masses.
2006-06-14 09:57:54 · answer #3 · answered by Darren J Smalley 2 · 0⤊ 0⤋
Absolutely, you should have some money that is not spent on bills or necessary weekly expenses. I have cash and a zero balance credit card.
2006-06-14 09:29:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I do. and everybody should save at least 30% of their take home income. Less is risky and more will affect you present standard of living.
2006-06-14 09:33:29 · answer #5 · answered by shaileshgadiya 1 · 0⤊ 0⤋
I believe in it 100%. Having a "nest egg" gives me a huge peace of mind!
2006-06-14 09:28:56 · answer #6 · answered by Annie's World 4 · 0⤊ 0⤋
I do. unexptected things happen. Cars break down, appliances.
Someone gets sick. Car accidents or other accidents.
It's better to be safe than sorry.
2006-06-14 09:26:50 · answer #7 · answered by Angel 3 · 0⤊ 0⤋
very good idea, open up a savings account and deposit what ever you can afford to in it every month.
http://www.daniyals.com
2006-06-14 09:29:22 · answer #8 · answered by daniyal 2 · 0⤊ 0⤋
not just for raining days, retirement, vacations, downpay for house too
2006-06-14 11:50:35 · answer #9 · answered by jean 4 · 0⤊ 0⤋
Everyone should! PAY YOURSELF FIRST =) Read any David Bach book!!!
2006-06-14 09:47:27 · answer #10 · answered by Anonymous · 0⤊ 0⤋