In previous generations, “Saving For A Rainy Day” meant having a cash reserve of between 3 and 6 months worth of living expenses. Now more commonly referred to as an “Emergency Fund”, the recommendation is to have a cash reserve of a minimum of 6 months up to at least 9 months (if not a full year) for living expenses. Regardless of what it’s called, having a cash reserve is an essential part of the Rebuild Your Net Worth formula.
However, what if there isn’t any “extra money” lying around at month’s end after all your bills are paid?
Rebuild Your Net Worth will teach you how to “find” money you didn’t think you had to help create and systematically build up your Emergency Fund.