Thursday, May 10, 2018
How much do you need in a savings account to be financially secure?
This isn’t an abstract question or riddle. The size of your emergency fund should be as familiar to you as your salary or your mortgage rate.
Unfortunately, Americans simply are not saving enough. Despite low levels of unemployment, rising home values and one of the longest economic expansions in U.S. history, millions of Americans don’t have enough stowed away to let them sleep soundly at night.
Bankrate crunched the numbers, and by weighing factors like income versus the cost of necessary living expenses like groceries and mortgage payments, Bankrate found that OKC is the 10th best city for building a savings fund in.
Image via Bankrate.