After ignoring Wall Street, let’s get on with our life one blog at a time … by Julie Klingler
We could all use a gut check from time to time. MSN posted an article last week that had me wondering if we as consumers were still practicing caution amidst uncertain times and during the summer, NPR reported an alarming statistic, 64% of Americans couldn’t pay for a $1000 emergency if it occurred right now in their lives.
Times have been tough and with that come decreases in emergency funds, college plans, and retirement accounts. However, when things start to look positive on any economic front, these funds don’t always get replaced and sometimes we lose our way when a monetary increase occurs. It’s time to refocus and get back to the basics.
Rome wasn’t built in a day, our impatient nation needs to be realistic and practice down to earth savings: build an emergency fund that can take care of our families and be honest with the financial plan we’ve set for ourselves – stay on the retirement track and continue to pay down debt.
Be patient, steadfast, and refocus America. We’ve got a long way to go.