Being that my main topics revolve around saving money and most of my readers are focused on this as well, I thought it’d be fun to share an infographic from Mint.com that I found in Daily Infographic (I love this site!). According to Mint.com, 50% of Americans claim that they would have difficulty coming up with $2,000 for unexpected expenses. Around here, that’s what an emergency fund is for. However, I guess this is still a novel idea to many Americans based on data Mint.com collected. Check out the infographic yourself (click on the link to see a larger version on Daily Infographic):
Mint.com Rainy Day Fund from Daily Infographic
How’s your rainy day fund looking?
17 Comments
Join the conversation and post a comment.
Trackbacks/Pingbacks
- The Humble Bee: Edition 5 | - [...] ”How Does Your Rainy Day Fund Stack Up?“ presented by Little House in the [...]
Leave a Comment
Links I Love
usaa widget
- 529 College Savings Plan
Open a USAA 529 College Savings Plan and ensure your child's education has a happy ending!
- Saving for Retirement
Saving for retirement can be tough but USAA's retirement tools makes that process much easier - sign up today!
- USAA Savings Account
Take advantage of a USAA savings account where the more you save, the better your rate becomes.
Wow very interesting graphic. We have around 6 months worth.
Michelle recently posted..Spending, Life, Income and Food Updates… 2/13/2012
@Michelle – 6 months worth is great! I think it’s really scary to think 50% of the population would have trouble getting $2,000 in a pinch. It’s worth it to save for a rainy day!
My rainy day fund is looking depleted – 2012 has been rough on the finances so far!
Nice info graphic. Our EF is pretty good right now.
retirebyforty recently posted..Go It Alone
Neat graphic! Mint has had some pretty awesome ones in the past and this is no exception.
We diverted a lot of funds to our EF recently since my wife is about to quit her job. We have 6 months right now.
Dollar Disciple recently posted..A Fairly Frugal Valentine’s Day
Interesting info. I’d hate to dip into my emergency fund, but I could definitely do so if push came to shove. I try to tackle every other option before ever dipping into my EF!
@Christa – That’s great that you avoid dipping into your ER fund. I think I raid mine too often.
@Dollar Disciple – Having 6 months of living expenses saved up is really impressive. I think that’s a great start for everyone.
@Retire by 40- Good to hear yours is strong. Mine’s a little low at the moment. But I’m working on it.
@Kris – Thankfully it’s only just the beginning of the year. You’ve got some time to beef it up. I know mine is looking a little slim – I need to work harder.
I think for the additional time will come, There’s something more innovation and improvement will catch on it. Thanks for sharing this growth graphic..
Brown90 recently posted..Trying To Get Pregnant Tips
Very useful graphic. This is actually something we are working on right now. We are trying to save up more in our ER fund. I like these metrics. I will share them with my hubby. They make a lot of sense.
Miss T @ Prairie Eco-Thrifter recently posted..African Safaris, Gorilla Treks, and Blogcation
@Miss T -Daily Infographics is my new favorite site. I think graphics can sometimes tell a story better than words and this one definitely does that!
Sounds pretty good..I like the idea of doing this kind of graphic..Thank you for sharing this to us..
Paula recently posted..The Skiing Blog
Our emergency fund is our central focus right now, we probably have about three months saved up as of right now, but I am hoping to have an eight month fund by the end of the year.
@Niki- Now that you’re debt free, I bet it’s a lot easier to focus on beefing up that ER fund! I’m sure you’ll meet your 8-month goal by the end of the year.
@Paula – I actually didn’t create this one, I borrowed it from Daily Infographics. I made my own on another site, but it’s a lot more difficult that I thought it was. However, after I got a quote from a company that builds infographics, I think I’ll just perfect making my own or borrowing them for now!