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Save extra if a strike is likely
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Save extra if a strike is likely

"Communications companies, car companies and even professional athletes seem to be going on strike these days," says Sarah Place, president and CEO of Place Trade Financial in Raleigh, N.C.

Place advises members of unions that strike regularly to be cautious investors -- and proactive about having enough cash on hand to survive a work stoppage.

"My brother-in-law works at a major communications company where they go on strike fairly often," she says. "So these people basically need to have a strike fund in addition to an emergency fund. If not, if they are on strike and then are in an emergency, they are going to be in a lot of trouble."


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