A new survey just published by the National Bureau of Economic Research found that 50 percent of U.S. respondents faced with a hypothetical emergency couldn’t come up with $2,000 within 30 days. That’s not encouraging, America. While funding an emergency account can seem like a low priority compared with paying monthly expenses, having access to [...]
Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. There are hundreds of reasons that smart people put off creating an emergency fund: confidence that a job is secure, being in good health, maybe just feeling lucky. But can you guarantee [...]
Buying an occasional lottery ticket for fun isn’t a terrible idea. At least if being virtually guaranteed to lose is your idea of a good time. After all, it’s pretty much like making a non-tax-deductible donation to the government, and if you only buy one or two every few weeks then you aren’t spending too [...]
