My New Year’s Resolution: Beef Up My Emergency Fund
Savings / Savings News / Your Budget

My New Year’s Resolution: Beef Up My Emergency Fund

This was a tough year for me. I was laid off abruptly in April 2011 from a job that I thought was solid and found myself in a situation I had never been in before. I was worried I hadn’t saved for a rainy day and all I had was my RRSP that I was unable to dip into without paying a huge penalty. My New Year’s promise is to increase the amount of after tax income I put away from 10% to 15%. Continue reading »