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?

 

15 Comments

    • @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!

  1. Kris @ Everyday Tips Reply

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

    • @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. 😉

  2. 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!

  3. @Dollar Disciple – Having 6 months of living expenses saved up is really impressive. I think that’s a great start for everyone.

  4. 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..

  5. Miss T @ Prairie Eco-Thrifter Reply

    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 -Daily Infographics is my new favorite site. I think graphics can sometimes tell a story better than words and this one definitely does that!

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

    • @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! 😉

  7. @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. 🙂

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