Sentences with phrase «emergency cushion»

What's troubling about this study is not the fact that these parents have put both their own emergency cushions and retirement funds ahead of saving for college for their kids — that's exactly as it should be says Jean Keener, a Financial Advisor from Keller, TX — but rather the sort of magical thinking that's going on behind the scenes.

Any financial planner will tell you that enough savings to last six to nine months without employment income is the minimum prudent emergency cushion — an amount that can now be well taken care of by the cumulative $ 31,000 in TFSA contribution room now available to any Canadian 18 years of age or older.

Our house is paid off and we need to have some type of emergency cushion.

Over the next few pay periods, I will slowly move all of my income and expenses into Schwab, leaving an emergency cushion of about one month's rent, the highest bill I have, in my 360 Checking account.

This is your opportunity to finally create a nest egg and emergency cushion.

The scary aspect illuminated by the CPA is that apparently half the country's workers don't even have that staple of financial planning called the emergency cushion: typically financial advisers recommend having an emergency cushion of at least six months worth of expenses.

The reality is that many people got into debt in the first place because they didn't have an emergency cushion, so financial advisors are right to push the need for an emergency fund.

Sure, there are other reasons to own a card, such as earning rewards or providing an emergency cushion.