CA$H Maine

Creating Assets, Savings & Hope

Taking money out of green wallet

Q. How Big Should My Emergency Fund Be?

Posted January 15, 2016

A. There is a wide range of opinions about how big an emergency fund should be. Your fund is going to depend on what amount you feel most comfortable with. The standard suggestions are 3 to 6 months, 6 to 9 months or 9 to 12 months of living expenses. If you are self-employed or… Read more

Taking money out of green wallet

Q. How Do I Budget for One-Time Expenses?

Posted January 15, 2016

A. You may have expenses that are not consistent each month or happen only one time. The best way to budget for these expenses is to have an emergency fund. You can do this by listing them as a separate item on your budget sheet and setting up an automatic transfer to the account the… Read more

Taking money out of green wallet

Q. Do I need to budget my bank fees?

Posted January 15, 2016

A. If you know that you will be paying bank fees such as maintenance fees or ATM fees on a regular basis you will want to include these in your budget. By having these fees in your budget you are less likely to find yourself not able to pay them.   Read more