investing

# Grow an emergency fund

Grow an emergency fund

 Use this work sheet to track your emergency fund savings.
 9 ways to grow an emergency fund Pay off your plastic to free up your budget. Ask relatives for money to get a leg up on savings. Ask for a raise. Get a second job or freelance on the weekends. Look for lost loot in the form of expired savings bonds or old savings accounts. Auction off unwanted items. Hold a garage sale. Cut spending on nonessentials. Set up direct deposit.

 Calculate how much to save per month How much do you need for an emergency fund?   \$_____________ Emergency fund : \$________ / 2 months = \$_______ to save per month. Emergency fund: \$________ / 4 months = \$_______ to save per month. Emergency fund: \$________ / 6 months = \$_______ to save per month. Emergency fund: \$________ / 8 months = \$_______ to save per month. Emergency fund: \$_______ / 10 months = \$_______ to save per month. Emergency fund: \$_______ / 12 months = \$_______ to save per month. Emergency fund: \$_______ / 24 months = \$_______ to save per month. Emergency fund: \$_______ / 36 months = \$_______ to save per month.

 Track your savings Month 1: \$ __________ Month 2: \$ __________ Month 3: \$ __________ Month 4: \$ __________ Month 5: \$ __________ Month 6: \$ __________ Month 7: \$ __________ Month 8: \$ __________ Month 9: \$ __________ Month 10: \$ __________ Month 11: \$ __________ Month 12: \$ __________ Total annual savings: \$ __________

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## Can heirs cash an old trust?

Dear Dr. Don, The youngest of 6 children, I am 48 years old. My father joined the Navy at 22. In Italy, he met his bride and my mother, and returned to the U.S. to raise our family. In 1959, he bought a trust certificate... Read more