How Does Your Rainy Day Fund Stack Up?

Posted by in Articles, personal finance | 17 comments

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

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  1. Michelle

    Wow very interesting graphic. We have around 6 months worth.

    • Little House

      @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!

  2. Kris @ Everyday Tips

    My rainy day fund is looking depleted – 2012 has been rough on the finances so far!

  3. retirebyforty

    Nice info graphic. Our EF is pretty good right now.

  4. Dollar Disciple

    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.

  5. Christa

    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!

  6. Brown90

    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..

  7. Miss T @ Prairie Eco-Thrifter

    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.

  8. Paula

    Sounds pretty good..I like the idea of doing this kind of graphic..Thank you for sharing this to us..

    • Little House

      @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! ;)

  9. Niki

    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.

Trackbacks/Pingbacks

  1. The Humble Bee: Edition 5 | - [...]  ”How Does Your Rainy Day Fund Stack Up?“  presented by Little House in the [...]
  2. Carnival of Retirement # 7 – Retirement Statistics – February 20th, 2012 Edition Edition — My Personal Finance Journey - [...] House from Little House in the Valley published How Does Your Rainy Day Fund Stack Up?, saying, ‘According to …

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