According to a study by financial experts, Americans are recommended to have three to six months of living expenses in an emergency savings fund, yet two in five report their emergency fund would not last longer than a month. Local Edward Jones Financial Advisor Jason Spanhook states it is never to late to start saving:
“The best time to start investing is the same time as the best time to plant an oak tree, which is 30 years ago. The second best time is today as they say. The important thing is to do something, even if it is a small amount, developing that behavior is so incredibly important in planning for your financial future.”
Additionally with the elevated interest rates, Spanhook says currently there are CD’s and bonds paying fairly high rates.
